WTI Falls Below $80 After Nearly 4 Months; Standard Chartered Sees BTC Uptrend Signals
2026-06-16 13:54:58
West Texas Intermediate crude fell below $80 a barrel on Tuesday for the first time in nearly four months as hopes for a US-Iran framework deal eased supply concerns. The slide is reshaping risk appetite, according to BeInCrypto, with Bitcoin (BTC) holding near $66,650 as Standard Chartered’s Geoffrey Kendrick said falling oil, Strategy’s purchase of 1,587 BTC for about $100 million last week, and $85.85 million of inflows into US spot ETFs on Friday are bullish signals. Kendrick said BTC needs to break above the $83,000 region from early May for confirmation and reiterated a $100,000 year-end target.
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