One factor many in crypto overlook: oil.
As of October 14, WTI had posted five consecutive gains amid a fresh spike in attacks in the Middle East, raising concerns about the normalization of energy shipments from the Persian Gulf.
Why does it matter? High oil prices mean more inflationary pressure, making the Fed less likely to ease monetary policy.
For Bitcoin and any risk asset, crude oil is also a variable to watch. ๐ข๏ธ
#Petroleo #Fed #Inflacion
โ ๏ธ Risk warning: Digital asset prices can be volatile, and you may not recover the amount you invested. This is not financial advice. Learn more in our Terms of Use and Risk Warning.
As of October 14, WTI had posted five consecutive gains amid a fresh spike in attacks in the Middle East, raising concerns about the normalization of energy shipments from the Persian Gulf.
Why does it matter? High oil prices mean more inflationary pressure, making the Fed less likely to ease monetary policy.
For Bitcoin and any risk asset, crude oil is also a variable to watch. ๐ข๏ธ
#Petroleo #Fed #Inflacion
โ ๏ธ Risk warning: Digital asset prices can be volatile, and you may not recover the amount you invested. This is not financial advice. Learn more in our Terms of Use and Risk Warning.