Oil above $111 sinks gold, Asian stocks and crypto markets
- —Brent and WTI topped $111 after Houthi attacks on Saudi oil facilities
- —Nikkei 225 fell 2.3%, with one-day losses in Japan reaching ¥17.8 trillion
- —Gold lost over 1% to $4,087 an ounce; silver fell 2.4% to $56.20
- —Total crypto market cap slipped to $2.87 trillion as BTC fell below $83,000
Why it matters: Higher oil prices reinforce bets on a December Fed hike, pressuring risk assets including crypto.
Source: Coinpedia