--- title: "Bitcoin slides to about $81,000 as oil above $110 revives rate-hike bets" description: "Bitcoin Magazine reported that bitcoin fell nearly 4% over 24 hours on Thursday, trading as low as $81,331, after oil rose above $110 amid Middle East conflict, reviving expectations of Federal Reserve rate hikes. The outlet said the coin had approached $85,000 on Wednesday following SpaceX…" language: en canonical: "https://whycoinmoves.com/en/events/bitcoin-bitcoin-slides-towards-81-000-1fcfb11015014b" published: 2026-10-22T16:06:14.000Z updated: 2026-10-22T17:06:59.000Z indexable: false --- # Bitcoin slides to about $81,000 as oil above $110 revives rate-hike bets Bitcoin Magazine reported that bitcoin fell nearly 4% over 24 hours on Thursday, trading as low as $81,331, after oil rose above $110 amid Middle East conflict, reviving expectations of Federal Reserve rate hikes. The outlet said the coin had approached $85,000 on Wednesday following SpaceX… Attributed sources: [Bitcoin Magazine]() ## Key facts Bitcoin Magazine reported that bitcoin fell nearly 4% over 24 hours on Thursday, trading as low as $81,331, after oil rose above $110 amid Middle East conflict, reviving expectations of Federal Reserve rate hikes. The outlet said the coin had approached $85,000 on Wednesday following SpaceX earnings and tech stock gains. Evidence strength: Single source, 1 publisher group(s) (Bitcoin Magazine); this describes source coverage, not truth or causation. After site detection, observed returns were 5 minutes: +0.02% (22/10/2026, 16:06 → 22/10/2026, 16:11, UTC; Gate · USDT); 1 hour: -0.49% (22/10/2026, 16:06 → 22/10/2026, 17:06, UTC; Gate · USDT). Unlisted windows are unavailable. In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.23% (OKX · USDT; cutoff 22/10/2026, 16:06, UTC). This hourly baseline is not directly comparable with a minute move. ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | +0.02% | +0.02% | 0.00 pp | 22/10/2026, 16:06 → 22/10/2026, 16:11 | Gate · USDT | | 1 hour | -0.49% | -0.49% | 0.00 pp | 22/10/2026, 16:06 → 22/10/2026, 17:06 | Gate · USDT | | 24 hours | — | — | — | — | — | ## Historical hourly baseline | Metric | Value | | --- | --- | | Ready | true | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.15% | | 99th percentile of absolute hourly returns | 1.23% | | BTC beta | 1.00 | | Source / cutoff (UTC) | OKX · USDT / 22/10/2026, 16:06 | ## Claims and open questions - Bitcoin Magazine reported bitcoin was down nearly 4% over a 24-hour period and traded as low as $81,331. - Bitcoin Magazine reported the price slid after oil moved above $110, which it said raises the chances of the Federal Reserve raising interest rates. - Bitcoin Magazine reported bitcoin had been closing in on $85,000 on Wednesday before erasing those gains. - What the final daily close and volume were for the session, which exchange data or settlement figures would confirm. - Whether the Federal Reserve has made any new statement on rates since the oil rise; an official Fed release would confirm it. ## Source evidence - [Bitcoin Slides Towards $81,000 as Oil Above $110 Revives Rate-Hike Bets]() — Bitcoin Magazine; published 22/10/2026, 16:04; received 22/10/2026, 16:06 (UTC). ## Recent BTC events and market reactions - [Chinese court accepts prosecutors' bid to confiscate Bitcoin seized in UK]() — Published 22/10/2026, 06:24 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.02% / 1h -0.41% / 24h -0.94% - [US spot Bitcoin ETFs take in about $1.07 billion over three sessions]() — Published 22/10/2026, 04:41 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m +0.05% / 1h +0.07% / 24h -1.31% - [Bitcoin slips below $82K after Tesla and Meta results unsettle tech markets]() — Published 22/10/2026, 03:51 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.13% / 1h +0.04% / 24h -1.04% - [Bitcoin rises above $84,500 as SpaceX earnings lift tech stocks]() — Published 21/10/2026, 15:13 (UTC) · Multiple publishers (2 publishers) · Market watch · 5m +0.15% / 1h +0.25% - [SpaceX and Tesla boards weigh merger that would combine 30,221 bitcoin]() — Published 21/10/2026, 09:23 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.08% / 1h -0.21% / 24h -2.08% - [Full coin archive]() ## Research for this archive - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() - [Bitcoin halving and bull markets: evidence from four halvings]() - [Bittensor (TAO): Bitcoin beta, volatility and the AI crypto narrative]() [Methods and limitations]() Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.