Bitcoin Magazine reports that Bitcoin's price fell below $80,000, trading around $79,600 on Thursday morning. This decline coincides with a rebound in oil prices and a rate hike by the Bank of England. The specific impact of these factors on Bitcoin's price remains unclear, as correlations do not imply causation.
Based on the Bitcoin Magazine report; not independently verified.
Source published: Thu, 05 Nov 2026 13:47:53 +0000
[Read the original report](https://bitcoinmagazine.com/markets/bitcoin-price-trades-near-79600-oil)
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