Bitcoin slides towards $81,000 amid rising oil prices and renewed rate-hike bets

Bitcoin's price slid nearly 4% over a 24-hour period on Thursday in New York, trading as low as $81,331, after oil prices jumped above $110 due to Middle East conflict, which spurs inflation fears and the possibility of U.S. central bank interest rate hikes. Previously, the top cryptocurrency was nearing $85,000 on Wednesday following investor interest in tech stocks after Elon Musk’s SpaceX earnings, and despite the dip, Bitcoin had its best quarter in years and analysts say it is in a bull market after rising above its 365-day moving average.