Bitcoin pulls back from one-month high as oil surge revives inflation fears

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Bitcoin retreated from a one-month high as WTI crude oil surpassed $85 per barrel for the first time since June. The rise in oil prices reignited concerns about persistent inflation among investors. In response, market participants appeared to rotate toward traditional safe-haven assets such as gold and silver. Bitcoin also benefited from a flight to relative safety, while altcoins saw comparatively weaker interest.

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