Brent crude just hit new highs. Didn't see that coming.
Oil ripping = macro headwind for risk assets. If energy costs stay elevated, expect tighter liquidity conditions and potential Fed pivot delays.
Watch how this bleeds into crypto. Higher oil → inflation concerns → longer higher rates → pressure on speculative plays.
$BTC and $ETH might consolidate if this trend holds. Energy-sensitive narratives (PoW chains, mining stocks) could see mixed reactions.
Oil ripping = macro headwind for risk assets. If energy costs stay elevated, expect tighter liquidity conditions and potential Fed pivot delays.
Watch how this bleeds into crypto. Higher oil → inflation concerns → longer higher rates → pressure on speculative plays.
$BTC and $ETH might consolidate if this trend holds. Energy-sensitive narratives (PoW chains, mining stocks) could see mixed reactions.