Post
MAVRICK13
Crypto’s biggest chart today may be an oil chart.
Trump rejected Iran’s seven-day proposal to reopen the Strait of Hormuz. Brent answered by jumping more than 2% above $106, while crypto market cap fell roughly 2% and about $330M in leveraged positions were liquidated.
The transmission chain is short: Hormuz risk → oil → inflation pressure → rate expectations → risk assets.
Today, barrels are trading crypto too.
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$83,871.9+0.00%
ETH/USDTEthereum
$2,695.63+0.00%
CT/USDTConcrete
$0.462+0.17%
Today’s market buzz
1#RateHikeDelayedJobsNext
Hot
2#BTCInflowETHOutflow
3#USTreasuryYieldsClimb
