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Bitcoin Price Trades Near $79,600 as Oil Rebounds and Bank of England Hikes Rates

Bitcoin Magazine·November 5, 2026·1 min read
Bitcoin Price Trades Near $79,600 as Oil Rebounds and Bank of England Hikes Rates

Bitcoin price slipped back below $80,000 on Thursday morning, trading near $79,600. The decline comes as oil rebounds and the Bank of England hikes rates. The move reflects ongoing macroeconomic pressures on risk assets, with traders watching key support levels.

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