🚨 Oil Prices Hit $100! BTC Breaks Below $77,000
Is the Iran situation escalating, pushing Bitcoin into even more dangerous territory? ⛽🔥
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In this round of Bitcoin’s selloff, what’s really worth watching may not be the candlestick chart itself—but rather oil prices creating fresh problems for global markets. As tensions between the U.S. and Iran escalate, shipping through the Strait of Hormuz has been affected. Brent crude rose to around $107.82 at one point, and WTI also moved to near $103.
Once oil prices broke through $100, what the market worries about isn’t just energy costs anymore.
It’s—will inflation flare up again? ⚠️
Because rising energy prices will further push up costs like transportation and production.
And if this pressure keeps feeding through into the prices of goods and services, the Fed’s already complicated monetary policy environment could become even more difficult.
This is also one of the key reasons BTC is under pressure right now.
Currently, the Bitcoin price has once dipped to around $76,700, with a drop of more than 4% over the past week.
Meanwhile, the total market cap of the crypto market fell about 4.32% in 24 hours, and ETH has also pulled back.
In short, the market is facing something fairly
Tap the profile picture to join the Jiujiu chat group for daily strategies 🚀
#BTC #伊朗局势 #原油 #美联储
Is the Iran situation escalating, pushing Bitcoin into even more dangerous territory? ⛽🔥
Group: 点击进入玖玖的粉丝群
In this round of Bitcoin’s selloff, what’s really worth watching may not be the candlestick chart itself—but rather oil prices creating fresh problems for global markets. As tensions between the U.S. and Iran escalate, shipping through the Strait of Hormuz has been affected. Brent crude rose to around $107.82 at one point, and WTI also moved to near $103.
Once oil prices broke through $100, what the market worries about isn’t just energy costs anymore.
It’s—will inflation flare up again? ⚠️
Because rising energy prices will further push up costs like transportation and production.
And if this pressure keeps feeding through into the prices of goods and services, the Fed’s already complicated monetary policy environment could become even more difficult.
This is also one of the key reasons BTC is under pressure right now.
Currently, the Bitcoin price has once dipped to around $76,700, with a drop of more than 4% over the past week.
Meanwhile, the total market cap of the crypto market fell about 4.32% in 24 hours, and ETH has also pulled back.
In short, the market is facing something fairly
Tap the profile picture to join the Jiujiu chat group for daily strategies 🚀
#BTC #伊朗局势 #原油 #美联储
