Posteo

Another crude oil spike could push Bitcoin lower in the near term. Ships are now making only around 13 Hormuz crossings a day, down sharply from 135 in February. Energy prices were up 14.7% year over year in July, while three Fed members pushed for a 25 bp hike. Higher oil gives the hawkish case more support, while rising cash yields add further pressure on BTC. #WeakConsumptionFedSplit #OpenAIAnthropicRace #SKHynixCapexSurge