Oil Surge Pressures Crypto as US-Iran Tensions Escalate
Oil prices spiked 5% following renewed US strikes and escalating tensions with Iran. The surge is putting downward pressure on risk assets, including cryptocurrencies and stock futures, which have declined overnight.
Detected & updated continuously · Source: Ruma
Sources
@Wealthmanager
$OIL is up 5% since yesterday. This is due to escalating tensions between Iran and the U.S. Higher oil prices are generally bearish for risk assets like crypto and tech stocks. https://t.co/VEs9kY3N35
@DaanCrypto
$OIL is spiking again after renewed strikes by the US. This puts pressure on risk assets as we can see with crypto & stock futures down overnight. Notably, gold & silver down too since yesterday but moving slightly currently. https://t.co/fG1C60dloR