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Bitcoin retreats from one-month high as oil tops $85, inflation concerns resurface

CoinDesk·July 22, 2026·1 min read
Bitcoin retreats from one-month high as oil tops $85, inflation concerns resurface

Bitcoin retreated from a one-month high as WTI crude oil surpassed $85 for the first time since June, reigniting inflation concerns. Investors shifted toward gold, silver, and bitcoin's safety over altcoins. The move reflects market sensitivity to macroeconomic factors, with BTC reacting to rising oil prices and inflation fears.

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