Bitcoin Weakens as Oil-Price Spike Revives Inflation Concerns
Brent crude rose 4.4% to above $79 a barrel, and analysts said higher energy costs could push the Federal Reserve toward earlier rate hikes.
- Bitcoin fell 2.4% to $62,600 as US-Iran tensions caused oil prices to spike, raising concerns over inflation and interest rates, pushing Bitcoin below its 200-week moving average, a sign of a potential bear market.
- Renewed hostilities between the US and Iran led Brent crude prices to climb 4.4% above $79 a barrel amid fears of supply disruptions through the Strait of Hormuz, increasing inflation worries.
13 Articles
13 Articles
Bitcoin Weakens as Oil-Price Spike Revives Inflation Concerns
Bitcoin lost ground on Monday as oil prices spiked after the US launched fresh attacks on Iran, stoking concerns that higher energy costs could renew inflation pressures and dampen demand for riskier assets.
Bitcoin is falling significantly because investors are more afraid of geopolitical risks, rising oil prices and interest-rate concerns.
Global Market: Eurozone bond yields climb as Middle East tensions rekindle inflation concerns
Eurozone government bond yields climbed on Monday due to escalating US-Iran tensions. Oil prices surged significantly after Iran announced a closure of the Strait of Hormuz. This renewed conflict has increased concerns over global inflation and economic stability.
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Asian Markets Fall as Middle East Conflict Sends Oil Higher and Revives Global Inflation Concerns
Asian stock markets declined on Monday as escalating tensions in the Gulf region pushed oil prices higher, renewed concerns about global inflation, and increased expectations ... The post Asian Markets Fall as Middle East Conflict Sends Oil Higher and Revives Global Inflation Concerns first appeared on [your]NEWS.
Bitcoin Faces a Strong Downturn After Middle East Tensions Spike
TL;DR: Bitcoin consolidated around $62,600 after dropping from $64,400 to $61,800 as Middle East tensions renewed selling pressure. BTC remains about 3% lower on the month, with market capitalization below $1.260 trillion and dominance stalled near 56.7%. Coinglass showed $283 million in 24-hour liquidations, mostly longs, while South Korea’s KOSPI fell 10% since Friday and Upbit volume surged 1,426% as investors rotated toward crypto during ma…
For the financial markets, the oil price could become a permanent problem. A permanently higher price level on the energy market could keep inflation higher than previously expected. For a long time, many investors assumed that the conflict between the US and Iran would only escalate temporarily and that the situation around the street of Hormus would return to normal. [...] The post oil price changes everything: Why inflation is reassessed appe…
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