Oil beats bitcoin and gold before Fed meeting
- —Brent +2.75% to $107.48, WTI +2.51% to $102.56
- —Bitcoin -4.4% for the week to $76,718; ETH -1.79% to $2,478
- —Crypto market capitalization -4.32% in 24 hours to $2.62 trillion
- —Probability of a Fed rate hike rose from 59.4% to 86.3% in a week
Why it matters: Wednesday's Fed decision will determine whether crypto and gold keep falling under rate pressure while oil rises on geopolitics.
Source: BeInCrypto JP