Bitcoin gets a 20-day window to see whether energy relief can move the Fed
- —G7 agreed on Oct. 2 to accelerate emergency fuel releases, including diesel within 20 days
- —The IEA will make 100 million barrels available over four months, starting immediately
- —US on-highway diesel averaged $6.382 a gallon on Sept. 28, $2.628 above a year earlier
- —The Fed raised rates 25 bps to 3.75%-4% on Sept. 16, citing elevated inflation
Why it matters: If fuel prices fall enough to lower inflation expectations and bond yields, Bitcoin could get a liquidity catalyst; otherwise it stays an energy-market story.
Source: CryptoSlate