Bitcoin’s technical indicators had just started flashing warning signs when crude oil markets made things worse. The MACD histogram turned red — a signal that buying pressure was fading — right as West Texas Intermediate crude surged past $104 a barrel, rattling risk assets across the board. Bitcoin Gives Back Recent Gains BTC had clawed…
View More Crypto Markets Rattle As Bitcoin Sinks Under $77K Following Oil SpikeTag: WTI
Bitcoin Faces Fresh Pressure As Oil Crosses $104 For First Time In 4 Years
Investors are currently sifting through a decade of market data to see if a massive spike in energy costs will sink Bitcoin and the crypto market. While many people focus on the immediate price of oil, the real damage to Bitcoin in the past often came from internal industry blowouts rather than what was happening…
View More Bitcoin Faces Fresh Pressure As Oil Crosses $104 For First Time In 4 Years