Bitcoin fell by as much as 2.2% around the Wall Street open on Monday, after touching $84,254 on Bitstamp, according to TradingView data cited by Cointelegraph. That was its highest price since Wednesday. The report says bitcoin could not stay above $84,000 and remained inside its recent range.
The report links the fall to rising oil prices. According to its headline, strikes involving Ukraine and Iran pushed oil toward a one-month high. It also says doubts were growing over a Russia-Ukraine "energy ceasefire."
Bitcoin had gained earlier in the week and lost those gains by the Monday open. The article was written by William Suberg, edited by Robert Lakin and published on October 12, 2026. It does not say whether oil kept rising afterward or where bitcoin went later in the session.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this report changes nothing directly. It gives no figures for funding rates, open interest, liquidations or order-book depth on any exchange, so it does not show whether holding costs changed. A move of up to 2.2% changes the mark price on open positions. Whether it also moved funding is not known from this story.
Source: cointelegraph — Bitcoin drops 2.2% as Ukraine, Iran strikes send oil toward one-month high
Price today: Bitcoin