Bitcoin gained approximately 1%, reaching close to $78,724 on November 2, as Brent crude fell roughly 3% toward $110 per barrel and the US dollar weakened. Lower energy costs could ease inflationary pressure and give the Federal Reserve more room to lower interest rates, potentially supporting riskier assets such as cryptocurrencies. However, OPEC+ kept its December production targets unchanged, meaning oil prices could still rebound. The US inflation report scheduled for November 10 will be closely watched, after annual inflation reached 3.7% in September 2026 and gasoline prices surged 9.1% in one month. Over the longer term, Bitcoin’s capped supply of 21 million coins, decentralized infrastructure and expanding institutional products support recovery prospects, despite its continued sensitivity to liquidity, investor sentiment and regulation.
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