🚨 JUST IN: DIESEL JUST FELL BELOW 100 MILLION BARRELS. 🛢️
US diesel stocks dropped to 99.26M barrels down 3.57M in one week, 13% below the 5-year average. Diesel is still $6.29 a gallon, up $2.54 from a year ago.
Why it matters for Bitcoin: expensive fuel keeps inflation sticky, and sticky inflation keeps the Fed from cutting rates. Cheaper money is what BTC is waiting on.
$BTC do you watch fuel prices, or is this noise to you? #Bitcoin #Macro #CryptoNews
US diesel stocks dropped to 99.26M barrels down 3.57M in one week, 13% below the 5-year average. Diesel is still $6.29 a gallon, up $2.54 from a year ago.
Why it matters for Bitcoin: expensive fuel keeps inflation sticky, and sticky inflation keeps the Fed from cutting rates. Cheaper money is what BTC is waiting on.
$BTC do you watch fuel prices, or is this noise to you? #Bitcoin #Macro #CryptoNews
