[Analysis: Bitcoin's Macro Pressure Now Depends on Oil Prices, U.S.-Iran Hormuz Strait Negotiations Are Key] BlockBeats News, September 27, Bitfinex released a graphic analysis stating that the macro pressure currently facing Bitcoin is primarily transmitted through oil prices, which in turn depend on the progress of negotiations between the U.S. and Iran regarding the Hormuz Strait. Progress in negotiations last week led to a decline in crude oil prices, alleviating inflationary pressures and thereby easing the impact of a stronger dollar and high U.S. Treasury yields on risk assets. If negotiations stall, crude oil prices may rise again, increasing market pressure through channels such as inflation, the dollar, and bond yields. Therefore, the current market focus should not only be on Federal Reserve policies but also closely monitor the progress of U.S.-Iran negotiations. [Original Link]