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Mona Maken
Oil has dropped from $102, easing the war premium around the Strait of Hormuz and supporting Bitcoin’s rebound toward $84,000.
The logic is simple: rising oil fuels inflation fears and rate-hike expectations, pressuring risk assets. Falling oil eases those concerns and supports a recovery—even amid $681 million in weekly spot BTC ETF outflows.
Now, all eyes are on upcoming CPI and PPI data. $BTC $ETH $ZEC
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Today’s market buzz
1#BTC fell below $75,000 before the US October CPI release
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2#AI stocks pull back: UBS says position reset, Bank of England warns of crash risk
3#Trump says the possibility of a large-scale strike on Iran is low, oil prices plummet
