🛢️ Oil is another big macro variable for crypto today.
Brent has been trading around the $100 area as markets react to developments around the Middle East and possible diplomatic progress. Falling oil can ease inflation concerns, while another sharp oil spike could push inflation expectations higher.
Why does crypto care?
Higher oil → more inflation pressure → potentially tighter monetary policy → risk assets like crypto can come under pressure.
Lower oil → less inflation pressure → potentially better conditions for risk assets.
So today I'm watching oil + Treasury yields + BTC together, rather than looking at crypto in isolation.
The coins most likely to react first: BTC, ETH and SOL.
Follow for more such market updates 👀
$BTC $ETH $SOL #Bitcoin #Ethereum #solana #crypto
Brent has been trading around the $100 area as markets react to developments around the Middle East and possible diplomatic progress. Falling oil can ease inflation concerns, while another sharp oil spike could push inflation expectations higher.
Why does crypto care?
Higher oil → more inflation pressure → potentially tighter monetary policy → risk assets like crypto can come under pressure.
Lower oil → less inflation pressure → potentially better conditions for risk assets.
So today I'm watching oil + Treasury yields + BTC together, rather than looking at crypto in isolation.
The coins most likely to react first: BTC, ETH and SOL.
Follow for more such market updates 👀
$BTC $ETH $SOL #Bitcoin #Ethereum #solana #crypto