Oil price increases will definitely have profound impacts on the global economy. During this period, the Federal Reserve has been aggressively raising interest rates. This oil price surge was roughly a 50-100% increase, while gold crashed dramatically from 5700 to 4100. Although the global economy has been shaken, it hasn't collapsed severely, with the Nasdaq only seeing a few percentage points of decline. If the war drags on, it will inevitably continue to have effects. Subsequently, expectations for Federal Reserve rate cuts will definitely disappear, shifting toward rate hikes instead. Under those circumstances, it will be very difficult for Bitcoin to rally upward.

BTC4.36%

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