$BTC Crude Oil Soars Again to $85!
The conflict between the US and Iran continues to escalate.
This inflation fire is being reignited!
Brent is also climbing in sync and holding above $92.
Risk assets may soon have to brace for another round of macro pressure!
According to a Reuters report, U.S. WTI crude briefly rose to $85.16, the highest level since mid-June; Brent crude touched $92.01. Ongoing airstrikes, Iran’s retaliatory actions, and the risk of shipping disruptions are once again driving up the energy risk premium.
If oil prices hold steadily above $85 for the long term, both inflation expectations and U.S. Treasury yields could rise, and the Federal Reserve’s room for easing would be further squeezed—meaning BTC would naturally struggle in the short term. But if the conflict cools off and oil prices pull back, risk assets are more likely to recover quickly.
As long as oil prices don’t retreat, BTC will face an additional layer of overhead pressure.
With hostilities cooling down, only then will bulls have a chance to accelerate again.
Click the card below and go for it!👇$CL $BANK
The conflict between the US and Iran continues to escalate.
This inflation fire is being reignited!
Brent is also climbing in sync and holding above $92.
Risk assets may soon have to brace for another round of macro pressure!
According to a Reuters report, U.S. WTI crude briefly rose to $85.16, the highest level since mid-June; Brent crude touched $92.01. Ongoing airstrikes, Iran’s retaliatory actions, and the risk of shipping disruptions are once again driving up the energy risk premium.
If oil prices hold steadily above $85 for the long term, both inflation expectations and U.S. Treasury yields could rise, and the Federal Reserve’s room for easing would be further squeezed—meaning BTC would naturally struggle in the short term. But if the conflict cools off and oil prices pull back, risk assets are more likely to recover quickly.
As long as oil prices don’t retreat, BTC will face an additional layer of overhead pressure.
With hostilities cooling down, only then will bulls have a chance to accelerate again.
Click the card below and go for it!👇$CL $BANK