Got up in the middle of the night to check the charts: crude surged past $100 in one go, hitting a one-month high. Then reports surfaced of another attack on Saudi Arabia’s East-West Pipeline, and prices were promptly kicked back down to around 81,300.
I was so startled I spilled my coffee: whenever oil prices rise, inflation is the excuse, and the crypto market is always the first to get hammered—we don’t get a penny of the gains, but take every bit of the hit. We go down with the ship.
The comments section is at war: the more geopolitical turmoil there is, the more bearish you should be on crypto. Do you agree or disagree?
#BTC #ETH #CrudeOil
I was so startled I spilled my coffee: whenever oil prices rise, inflation is the excuse, and the crypto market is always the first to get hammered—we don’t get a penny of the gains, but take every bit of the hit. We go down with the ship.
The comments section is at war: the more geopolitical turmoil there is, the more bearish you should be on crypto. Do you agree or disagree?
#BTC #ETH #CrudeOil