Bitcoin Falls Below $81,000 As Oil Spikes, Fed Talks Tough

Bitcoin’s price has dropped further, sliding with other assets as the oil price continued to climb and the Federal Reserve made a hawkish statement. 

The price of the leading asset recently stood at $81,203 after dropping as low as nearly $80,922 at one point on Thursday morning in New York. 

Over the past day, bitcoin’s price has shed nearly 3% of its value; over a seven-day period, it’s down by 4%. 

Just last week, the coin seemed to be closing in on the $90,000 mark after a phenomenal September rally and one of its best quarters in years. 

But so-called Uptober — the month of October typically gives bitcoin investors good returns — is starting slow on a…

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