Macro· ★★★· bearish·

Oil Tops $100 a Barrel. How Did Bitcoin Fare Last Time Oil Went Triple-Digit?

  • —Oil rose above $100 a barrel amid heightened geopolitical tensions
  • —The last triple-digit oil episode coincided with bitcoin falling below $20,000 in 2022
  • —Higher crude prices add to inflation pressure and Fed rate expectations
Why it matters: Expensive oil fuels inflation and weighs on risk assets, including bitcoin, through expectations of tighter Fed policy.
#BTC
Source: Google News (crypto query)
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