Bitcoin Pares Losses as Oil Prices Pull Back From Highs — Market
-
Bitcoin trims its losses to trade back above $70,000 as oil prices pull back from their highs that were driven by the widening Middle East conflict. Brent crude earlier rose back above $100 per barrel before dropping back to last trade at $97.93. The rise followed news that two foreign fuel tankers were attacked in Iraqi waters Wednesday. Oil prices remain the driver of macroeconomic sentiment, Marex crypto analyst Louis De Backer says in a note. When crude spikes the market immediately reprices inflation risks and cryptocurrencies are treated as risk-sensitive assets, he says. Bitcoin falls 0.2% to $70,485, LSEG data show. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260312005625:0/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
註冊 登入