Macro· ★★★★· bullish·

Bitcoin's $85K Rally Fueled by Falling Oil Prices

  • —BTC reached $85,117, up about 30% since Aug. 19
  • —Brent crude fell roughly 2% to $102 a barrel
  • —U.S. spot Bitcoin ETFs attracted $324.6 million on Sept. 18
  • —BTC fell below $75,000 last week after the Fed's rate hike
Why it matters: Cheaper oil eases inflation fears and helps markets absorb the Fed's rate hike, supporting demand for Bitcoin.
#BTC
Source: Coinpaper
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