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Bitcoin is trading through a dangerous weekend as 20% of the world’s oil hangs in the balance

Source: CryptoSlate
Bitcoin is trading through a dangerous weekend as 20% of the world’s oil hangs in the balance

Bitcoin traded near $62,900 on Friday afternoon, down roughly 38% from its October 2025 all-time high, as Brent crude settled above $85 and the Strait of Hormuz remained effectively closed to normal commercial traffic. By early Saturday, it had recovered to around $63,900, then traded flat throughout the EU morning. The disputed waterway normally carries […] The post Bitcoin is trading through a dangerous weekend as 20% of the world’s oil hangs in the balance appeared first on CryptoSlate.

CoinMagnetic

CoinMagnetic Team

Crypto investors since 2017. We trade with our own money and test every exchange ourselves.

Updated: July 2026

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