Brent crude is hovering near $110 a barrel as Strait of Hormuz tensions keep supply fears alive, with reports of an attack on a US ship.
Why does oil matter to $BTC? Higher energy prices can push inflation up, and that can keep interest rates higher for longer, which tends to pressure risk assets. One analyst now flags $78,000 as the next support if $80,000 breaks. I do not trade headlines, but I do track how oil, inflation and rates connect. Do you watch commodities before you trade crypto?
Why does oil matter to $BTC? Higher energy prices can push inflation up, and that can keep interest rates higher for longer, which tends to pressure risk assets. One analyst now flags $78,000 as the next support if $80,000 breaks. I do not trade headlines, but I do track how oil, inflation and rates connect. Do you watch commodities before you trade crypto?