US diesel rises to $6.285 as Fed hikes, bitcoin at $76,400
- —US diesel: $6.285 per gallon, up $0.318 in a week
- —Saudi Arabia halted the East-West pipeline, with repairs to take 3–5 weeks
- —The Fed raised rates by 0.25 pp to 3.75–4.00%
- —Bitcoin at $76,400, down about 12% year-to-date
Why it matters: Fuel inflation combined with a hawkish Fed weighs on risk assets and limits demand for bitcoin as a hedge.
Source: TokenPost