Brent tops $100: why expensive oil hasn't broken crypto yet
- —Brent hit $103.64 a barrel, up 34% in three months and 62% year-to-date
- —Bitcoin rose roughly 42% over the same three-month stretch
- —ZEC, ETH, SOL, XRP and HYPE have climbed since late June
- —Key risk: prolonged oil strength, recession and further Fed rate hikes
Why it matters: If high oil keeps inflation elevated, the Fed could hike again, hitting altcoins first and bitcoin later.
Source: Blockmedia