Macro· ★★★· bearish·

Record US diesel prices weigh on Bitcoin and gold

  • —Diesel in the US hit an all-time high
  • —Rising fuel prices could fuel inflation and push the Fed toward more rate hikes
  • —Bitcoin and gold are not rising amid the fuel shock
Why it matters: The fuel shock increases the risk of further Fed rate hikes, weighing on Bitcoin and other risk assets.
#BTC
Source: CoinDesk
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