Drone strike on Saudi Aramco pipeline lifts Brent to $109, bitcoin falls to $76,611
- —Brent rose 3% to $109 and WTI to $102.80 after the strike on Petroline
- —Bitcoin fell 0.8% to $76,611, down 4.1% over the week
- —Crypto market capitalization declined to $2.62 trillion
- —CME FedWatch: probability of a Fed rate hike at 86.2%
Why it matters: Higher oil prices from supply disruptions intensify inflation pressure and raise the odds of Fed tightening, weighing on risk assets including crypto.
Source: Bitcoin.com