Bitcoin retreats from one-month high as oil tops $85 and inflation fears return

Bitcoin pulled back from a one-month high after WTI crude oil surpassed $85 per barrel for the first time since June, reigniting inflation concerns. Investors shifted funds toward gold, silver and Bitcoin as safe havens, while altcoins bore the brunt of the sell-off. Rising oil prices are seen as a warning signal for risk assets across markets.