US Edition
Bitcoin Price Outlook Weakens as Oil Jumps on Hormuz Risks
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.10 Articles
10 Articles
Bitcoin signals economic concerns amid oil prices rising - Invest In Crypto News
Bitcoin slid below $70,000 this weekend after a weak US jobs report, and another jump in oil prices revived stagflation concerns and pushed investors out of risk assets. The largest cryptocurrency fell as low as $65,660, according to CryptoSlate’s data, less than a week after reaching a monthly high near $74,000. The move put Bitcoin back below a closely watched price level for spot traders and derivatives markets, reinforcing how quickly macro …
This Sunday evening, the bitcoin fell by almost 2% at the same time as oil jumped by about 20%, driven by fears of shortage due to the escalation in the Middle East. This sharp divergence reveals a deeper shift. Faced with the energy risk, the speculative narrative s'efface, and the BTC becomes again an active exposed to geopolitical shocks. The article The bitcoin falls by 2% while the oil flies appeared first on Cointribune.
Rising oil prices and geopolitical tensions are burdening the markets. The crypto sector continues to be "extremely afraid". Source: BTC-ECHO BTC-ECHO
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
