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Bitcoin rebounds with US stocks but stalls below $84,200 resistance

By Lawrence Mondal

Bitcoin has climbed back above $83,000 during Tuesday’s recovery in U.S. stocks before retreating toward $82,600, as falling oil prices accompanied gains across risk assets. CoinGecko recorded Bitcoin at $82,601.56 in the latest reporting snapshot, up 0.8% over 24 hours,…

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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Crude oil

Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.

Oil prices feed into fuel, transport and goods costs, and so into inflation.

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