Bitcoin drops 2.2% as Ukraine, Iran strikes send oil toward one-month high

Bitcoin price action stayed rangebound after failing to sustain above $84,000 into the Wall Street open on rising oil prices. Bitcoin (BTC) gave back early-week gains into Monday’s Wall Street open as doubts compounded over a Russia-Ukraine “energy ceasefire.” Data from TradingView showed BTC/USD reaching $84,254 on Bitstamp, its highest level since Wednesday, before dropping up to 2.2%. The retreat came as Ukraine president Volodymyr Zelenskyy accused Russia of continuing to target energy infrastructure despite US president Donald Trump announcing a moratorium on such strikes.