Bitcoin’s $71k Gambit Against Dollar and Oil

A stronger dollar can tighten global financial conditions and often weighs on risk assets such as equities and cryptocurrencies. Higher oil prices-both Brent crude and West Texas Intermediate are hovering around $100 per barrel-reinforce inflation concerns and heighten expectations of interest-rate increases. Higher rates also detract from the attraction of such investments. One wonders if the market is merely playing a cruel game of musical chairs.



