Bitcoin trades near $79,600 as oil rebounds and Bank of England hikes rates
AI summary
Bitcoin slipped back below $80,000 on Thursday morning and was trading near $79,600. The move came as oil prices rebounded and the Bank of England raised interest rates, a combination that tightens macro conditions and pressures risk assets. Traders will watch whether BTC can reclaim the $80,000 level or whether tighter policy and firmer energy prices keep weighing on crypto.
