🚨 Oil hit $110 for the first time since May… and Bitcoin is holding FIRM at $81,000 👀
The war in the Strait of Hormuz sent energy prices soaring, and expensive oil means stickier inflation and less room for the Fed to cut interest rates.
🟠 Bitcoin
It’s hovering near $81,600, and on Saturday it stayed within a narrow range between $80,800 and $82,000. Even so, Bitcoin ETFs ended their second consecutive week of outflows, with about $228 million leaving. As long as the $80,500 level holds, the floor remains intact; if it breaks, fear could accelerate.
🔷 ETH
It’s hovering around $2,400 and hit a low of $2,357 today. Its ETFs lost $320 million over the week, more than Bitcoin’s, and almost all of it came out of a single Wall Street fund. It’s not panic, but there’s a lack of a major buyer.
🟣 Solana
It’s near $103, down almost 2% on the day. Its funds also ended the week in the red, but Wednesday’s network upgrade remains the catalyst the market is watching.
🟡 Zcash
It’s the biggest decliner today, down nearly 4% to around $1,120. When the global climate gets tense, the coins that have risen the most are usually the first to see profit-taking.
Can Bitcoin withstand the oil shock, or is another test of $80,000 coming? 👇
#Bitcoin #ETH #Petróleo #Fed #ETF
The war in the Strait of Hormuz sent energy prices soaring, and expensive oil means stickier inflation and less room for the Fed to cut interest rates.
🟠 Bitcoin
It’s hovering near $81,600, and on Saturday it stayed within a narrow range between $80,800 and $82,000. Even so, Bitcoin ETFs ended their second consecutive week of outflows, with about $228 million leaving. As long as the $80,500 level holds, the floor remains intact; if it breaks, fear could accelerate.
🔷 ETH
It’s hovering around $2,400 and hit a low of $2,357 today. Its ETFs lost $320 million over the week, more than Bitcoin’s, and almost all of it came out of a single Wall Street fund. It’s not panic, but there’s a lack of a major buyer.
🟣 Solana
It’s near $103, down almost 2% on the day. Its funds also ended the week in the red, but Wednesday’s network upgrade remains the catalyst the market is watching.
🟡 Zcash
It’s the biggest decliner today, down nearly 4% to around $1,120. When the global climate gets tense, the coins that have risen the most are usually the first to see profit-taking.
Can Bitcoin withstand the oil shock, or is another test of $80,000 coming? 👇
#Bitcoin #ETH #Petróleo #Fed #ETF