Bitcoin reverses from $79,500 as oil surge triggers broader crypto selloff

Bitcoin reverses from $79,500 as oil surge triggers broader crypto selloff

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin reverses from $79,500 as oil surge triggers broader crypto selloffBTC fails at $80,000 and drops 2% as rising oil prices weigh on sentiment with altcoins leading losses across a volatile session.By Oliver Knight, Omkar Godbole|Edited by Sheldon Reback Apr 27, 2026, 10:37 a.m. Make preferred on Bitcoin price (CoinDesk data)What to know: Bitcoin spiked up to $79,500 before reversing, with the selloff accelerating after BTC failed to break the $80,000 level. The move coincided with rising oil prices. Brent crude hit $107 following developments tied to U.S.-Iran tensions .Altcoins underperformed during the downturn, with LDO dropping 17% while major sector indexes fell as much as 2.5%.Volatility returned to crypto markets Monday as b

Source: https://www.coindesk.com/markets/2026/04/27/bitcoin-reverses-from-usd79-500-as-oil-surge-triggers-broader-crypto-selloff