Bitcoin price hits one-week low as $100 oil sparks fresh Asia crisis fears

Burns Brief

Bitcoin price downside returned to send BTC to one-week lows thanks to renewed concerns over global oil supplies focused on the Strait of Hormuz blockade The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.