PANews
PANews|7月 09, 2026 08:02
[Analyst: Brent crude oil surges 10% in two days, negative correlation with Bitcoin may reappear] CryptoQuant analyst Darkfost pointed out that after Trump announced the end of the ceasefire, Brent crude oil prices surged approximately 10% within two days. He stated that oil prices breaking through the annual moving average often signal the arrival of periods of economic pressure (rising inflation, declining production, and slowing growth). Darkfost analyzed that Bitcoin, as a risk asset, exhibits a long-term inverse correlation with oil prices: when Brent oil prices begin to rise, Bitcoin's bullish trend often slows down; conversely, when oil prices fall, investors' risk appetite increases, benefiting risk markets. The current sharp rise in oil prices is occurring during a challenging period for Bitcoin, with BTC still holding the critical $60,000 level.
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