Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Bitcoin Tests $78K Support Amid Rising US Crude Prices

Guavy AI Editorial Team
Instruments
BTC
Share

Bitcoin slid below $78,000 on Tuesday after US equity markets declined and crude oil surged to its highest level since June. The drop marked Bitcoin's first move under $78,000 since September 3, with BTC/USD hitting as low as $77,600 before a modest rebound.

The macro conditions appeared to be the main driver of the price action, with the S&P 500 and Nasdaq Composite down by about 0.5% and 0.4%, respectively.

Trader Rekt Capital noted that Bitcoin's behavior is resembling the market structure that followed a failed breakout in May, with the retest of the ~$78,300 area now in progress.

More on Crypto

Crypto just now

Cardano's ADA Jumps on Dijkstra Upgrade Hype and Leios Scaling Testnet Results

Crypto just now

Pieverse Surges on Trader Attention, Not New Fundamentals

Crypto 1m ago

ICP Dips 5% as Profit Taking and Market Volatility Take Hold

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy