🚨 European stocks fall as oil approaches US$100
European stock markets started the session lower this Tuesday, while the price of oil continues to rise due to new Iran-related threats linked to the conflict in the Middle East.
Brent has now logged three consecutive sessions of gains and remains above US$90 per barrel, increasing fears of a new inflation shock.
On top of this, expectations of a possible interest rate hike by the European Central Bank this week are adding pressure to equity markets.
🌍 Costlier oil + inflation + higher interest rates = a scenario that increases pressure on risk assets.
Bitcoin is also not immune to this macroeconomic environment and could see greater volatility as markets assess the consequences of the escalation.
👀 Do you think the rise in oil and geopolitical uncertainty will end up affecting Bitcoin even more?
$BTC #BreakingNews" #BinanceSquareFamily
European stock markets started the session lower this Tuesday, while the price of oil continues to rise due to new Iran-related threats linked to the conflict in the Middle East.
Brent has now logged three consecutive sessions of gains and remains above US$90 per barrel, increasing fears of a new inflation shock.
On top of this, expectations of a possible interest rate hike by the European Central Bank this week are adding pressure to equity markets.
🌍 Costlier oil + inflation + higher interest rates = a scenario that increases pressure on risk assets.
Bitcoin is also not immune to this macroeconomic environment and could see greater volatility as markets assess the consequences of the escalation.
👀 Do you think the rise in oil and geopolitical uncertainty will end up affecting Bitcoin even more?
$BTC #BreakingNews" #BinanceSquareFamily