Morning Digest from Revenuebot 💰

BTC is trading at $106,754

ETH is trading at $2,613

🔹BTC Dominance — 63.73%

🔹Market Capitalization — $3.32 trillion

🌀 Fear and Greed Index - 50

Of interest:

✔️Impact of the Israel-Iran Conflict on the Global Economy

1️⃣Oil prices could rise to $130 per barrel, according to JP Morgan.

2️⃣Currently, Iran produces 3.3 million barrels of oil per day, or ~3.5% of global supplies.

3️⃣Oil at $130 is likely to double inflation in the US to ~5%.

4️⃣As a result, the reduction of interest rates is likely to be delayed even further.

5️⃣The closure of the Strait of Hormuz is considered the worst-case scenario.

✔️Today, oil prices rose nearly 5% after the markets opened for the first time amid escalating geopolitical tensions between Iran and Israel.

✔️Metaplanet purchased 1,112 BTC for $117.2 million, now the company holds a total of

10,000 BTC.

✔️In Brazil, there will be no more tax breaks for crypto — now all income from the increase in the value of digital assets (capital gains) will be taxed at a rate of 17.5%.