OIL ABOVE $100: WHY SHOULD CRYPTO TRADERS CARE? đąïž
Brent crude has moved above $100 again as geopolitical tensions increase.
That matters for crypto because higher energy prices can increase inflation pressure.
And inflation can influence:
đŠ Central-bank policy
đ” Interest rates
đ Risk assets
âż Bitcoin sentiment
So today's crypto chart isn't the whole story.
Sometimes the biggest crypto catalyst is happening outside crypto.
Do you think rising oil prices are bullish or bearish for $BTC ?
#bitcoin #BTC #Macro #crypto
Brent crude has moved above $100 again as geopolitical tensions increase.
That matters for crypto because higher energy prices can increase inflation pressure.
And inflation can influence:
đŠ Central-bank policy
đ” Interest rates
đ Risk assets
âż Bitcoin sentiment
So today's crypto chart isn't the whole story.
Sometimes the biggest crypto catalyst is happening outside crypto.
Do you think rising oil prices are bullish or bearish for $BTC ?
#bitcoin #BTC #Macro #crypto
