Crypto Market Shows Gains as US Diesel and Gasoline Prices Rise

TheNewsCryptoОпубліковано о 2026-03-17Востаннє оновлено о 2026-03-17

Анотація

The crypto market has gained value amid rising US diesel and gasoline prices, with BTC and ETH leading the uptrend. The collective crypto market cap rose 0.89%, while BTC gained 0.59% and ETH 2.12% in 24 hours. Broader gains were also seen in gold and silver. Market movements are influenced by geopolitical tensions in the Middle East, particularly around the Strait of Hormuz, which affects oil flow. Rising fuel prices—diesel exceeding $5 per gallon and gasoline at $3.76—are putting pressure on manufacturing and consumers. Uncertainty remains due to upcoming inflation data and potential rate cuts, underscoring the need for cautious investment.

The crypto market has gained value at a time when the prices of US diesel and gasoline are rising. BTC and ETH are leading the upticks of the relevant segment, while other prices are being influenced by the Strait of Hormuz, which is affected amid the ongoing Middle East conflict. Gold and Silver have made gains as well.

Gains in Crypto Market

The crypto market, on a broader level, has gained 0.89% in the collective market cap, reached 44 points on the FG Index, and jumped by 0.87% on the CMC20 Index. On an individual level, gains can be evidently seen from top tokens like BTC and ETH.

The flagship cryptocurrencies are up by 0.59% over the last 24 hours and 6.07% on a weekly basis. ETH has added 2.12% to its value since yesterday and 13.17% in the last 7 days.

Both cryptocurrencies are poised for more upticks in the months to come; however, uncertainty looms, stemming from the next inflation data and rate cuts. The crypto market remains volatile – it is recommended to do thorough research and risk assessment before investments.

US Diesel and Gasoline Prices

The US economy could be tested, with results to be rolled out in the next month. The Average diesel price has crossed $5 against a gallon. This puts manufacturing and freight under pressure as both sectors are driven by diesel prices. Needless to say, consumers would be the ones to bear the costs.

Gasoline price was last seen at $3.76 a gallon. The release of oil reserves has not precisely softened the blow. All sights are on the next inflation report, ahead of which the crypto market can be seen drawing an upward trajectory.

Gold, Silver, and a Major Component

The major component, for starters, is the Strait of Hormuz. Market experts have hinted that only a meaningful or significant flow through the route can ease the pressure on oil prices. It remains stuck as the Middle East conflict deepens with an entrance in the third week.

Meanwhile, Gold and Silver have also made gains in the last 24 hours. Gold has added 0.07% to maintain a lead above $5k. Silver has retraced to $80.755 with +0.02%, but it briefly traded as a higher value.

Nevertheless, the crux is that Gold and Silver were able to add value on the sidelines of the crypto market in the current geopolitical scenario.

Highlighted Crypto News Today:

SEC Weighs Shift to Semiannual Earnings Reporting

Пов'язані питання

QWhat are the main factors influencing the crypto market's recent gains according to the article?

AThe crypto market gains are influenced by rising US diesel and gasoline prices, the ongoing Middle East conflict affecting the Strait of Hormuz, and anticipation of upcoming inflation data and rate cuts.

QHow much did Bitcoin (BTC) and Ethereum (ETH) gain over the last 24 hours and weekly basis?

ABTC gained 0.59% over the last 24 hours and 6.07% weekly. ETH gained 2.12% over the last 24 hours and 13.17% weekly.

QWhat is the current price of US diesel and gasoline per gallon as mentioned in the article?

AThe average diesel price has crossed $5 per gallon, and the gasoline price was last seen at $3.76 per gallon.

QWhy is the Strait of Hormuz significant to the current market situation?

AThe Strait of Hormuz is significant because only a meaningful flow through this route can ease pressure on oil prices, but it remains affected by the ongoing Middle East conflict.

QWhat are the recommended precautions for the crypto market given its current state?

AIt is recommended to do thorough research and risk assessment before investments due to the market's volatility and uncertainty from upcoming inflation data and rate cuts.

Пов'язані матеріали

Annual Salary of Millions Competing for Electricians, Meta Rushes to Open Its Own Technical School

The AI boom is facing an unexpected bottleneck: a severe shortage of skilled construction workers and electricians. As tech giants like Meta, OpenAI, and Alphabet race to build massive data centers—such as OpenAI's $16 billion "Stargate" project—they are hitting a critical labor wall. The U.S. needs an estimated 130,000 more electricians, 240,000 construction workers, and 150,000 supervisors by 2030 for AI infrastructure alone, but tens of thousands of electrician jobs go unfilled each year. While AI companies offer high premiums, with electricians earning up to $280,000 annually, worker scarcity still causes massive losses—delays on a single project can cost $14.2 million per month. The complexity of building AI data centers, which require immense power (equivalent to powering hundreds of thousands of homes), sophisticated electrical systems, and advanced liquid cooling solutions, demands highly skilled technicians who are in short supply. To combat this, companies are investing heavily in training. Meta has committed $115 million to a free training school offering tuition, housing, and stipends, targeting 5,000 new workers. OpenAI is partnering with unions to secure skilled labor. These efforts are paying off, with a significant rise in Gen Z interest in trade schools over college. However, the power demands are staggering. AI data centers are driving a rapid surge in electricity consumption, projected to account for up to 12% of U.S. power use by 2028 and raising costs for consumers. Furthermore, the construction boom is project-based, leading to a potential future glut of trained workers once building peaks, which could depress wages industry-wide. The race for AI supremacy now depends as much on skilled hands as on advanced chips.

marsbit58 хв тому

Annual Salary of Millions Competing for Electricians, Meta Rushes to Open Its Own Technical School

marsbit58 хв тому

OpenAI No Longer Sells Its Most Expensive Model for Profit

OpenAI is shifting its business strategy away from promoting its most expensive, flagship models for every task. Recent price cuts—80% for GPT-5.6 Luna and 20% for Terra—signal a deeper change: the company now actively advises users that many tasks don't require the most powerful model. Instead, OpenAI recommends a tiered approach: use the high-end GPT-5.6 Sol for complex planning and analysis, then delegate execution to cheaper models like Luna. This mirrors moves by Anthropic, which recently launched Claude Opus 5 at half the price of its top model, Fable 5. Both companies are de-emphasizing flagship models as primary revenue drivers, using them instead for brand prestige and technological showcases. The industry is entering a "mass-market" phase, similar to automotive, where high-volume, cost-effective models handle daily operations and drive scale. OpenAI's price reductions are partly enabled by AI models themselves optimizing underlying code and infrastructure, creating a self-reinforcing cycle of efficiency gains and cost reduction. Competition is shifting from "who is smartest" to "who offers the best value." The goal is no longer selling individual models but fostering widespread API adoption and ecosystem lock-in. By making AI calls cheap and ubiquitous, companies like OpenAI aim to become the indispensable, utility-like infrastructure powering automated workflows—the "water and electricity" of software, quietly embedded everywhere.

marsbit58 хв тому

OpenAI No Longer Sells Its Most Expensive Model for Profit

marsbit58 хв тому

Suspected 4th Coldcard attack wave sweeps 389 Bitcoin: Galaxy’s Thorn

Coldcard hardware wallet users are facing a new wave of coordinated attacks targeting a firmware flaw, with researcher Alex Thorn flagging 218 recent transactions moving approximately 389 Bitcoin from potentially impacted addresses. The attack pattern shows a high rate of transactions targeting unique victim addresses, differing from previous waves. The vulnerability, which causes affected devices to generate weaker wallet seeds, is estimated to have impacted over 1,100 wallets, leading to around $90 million in Bitcoin stolen. Thorn advises affected users who control their keys may attempt to move funds with a higher-fee transaction before the attacker's transactions are confirmed.

cointelegraph1 год тому

Suspected 4th Coldcard attack wave sweeps 389 Bitcoin: Galaxy’s Thorn

cointelegraph1 год тому

Bitcoin Miners Are Waving the White Flag, But Their Stocks Are Soaring

Bitcoin miners are capitulating as evidenced by a sustained drop in network hash rate and a record-steep 19.9% decline in mining difficulty, signaling the shuttering of unprofitable machines. However, in a significant divergence from historical patterns, the stocks of publicly traded mining companies have soared, with one major player gaining over 430% in the past year, even as BTC's price fell roughly 46%. This surge is largely attributed to these companies pivoting toward the more lucrative AI narrative. Simultaneously, miners face a structural squeeze. Daily block reward revenue in BTC terms has hit a new all-time low following the latest halving, with current dollar-denominated daily revenue around $30 million compared to a longer-term average of ~$40 million. Fee revenue remains negligible, covering less than one block's subsidy over a 28-day average and accounting for only about ten minutes of the network's daily security budget. This capitulation cycle is unique: miner stress and crypto price weakness have decoupled due to alternative revenue streams (AI), while the long-term reliance on increasing bitcoin prices to offset shrinking subsidies continues, with fee income still far from filling the impending gap.

marsbit1 год тому

Bitcoin Miners Are Waving the White Flag, But Their Stocks Are Soaring

marsbit1 год тому

Will the Fed Definitely Raise Interest Rates in September? How Will Crypto and U.S. Stocks Withstand the Pressure?

The market's expectation for a September Fed rate hike surged dramatically in early August, jumping from under 50% to over 80% within a week. This shift followed a contentious July FOMC meeting, where a 9-3 vote to hold rates revealed growing dissent from hawkish members advocating for an immediate hike to combat persistent inflation. The primary catalyst for this repricing is rising oil prices, driven by renewed geopolitical tensions around the Strait of Hormuz, which threaten global supply. Energy costs directly influence inflation metrics, making the upcoming July CPI report (due August 12th) a critical data point. If it shows inflation reaccelerating, the probability of a September hike will solidify. For Bitcoin and crypto assets, this is typically bearish news. Bitcoin continues to behave as a high-beta, liquidity-sensitive risk asset. A rate hike raises the opportunity cost of holding non-yielding assets and could drive capital toward money markets, pressuring crypto prices in the short term. However, historical patterns suggest that if a hike is perceived as the end of a tightening cycle rather than the start, any negative price impact may be brief. U.S. stocks, particularly crypto-linked equities like Coinbase and growth-oriented tech stocks, are also vulnerable. Higher rates increase discount rates in valuation models, putting pressure on high-multiple companies. This coincides with a pivotal tech earnings season where investor focus has shifted from massive AI capital expenditure to tangible revenue and cash flow generation. Companies with negative cash flow and weak growth narratives could face heightened volatility if borrowing costs rise in September. In summary, a September Fed hike has evolved into a mainstream market scenario. Key factors to watch are oil prices, the July CPI report, and Fed communications, which will determine the final decision and its impact on volatile crypto and equity markets.

marsbit1 год тому

Will the Fed Definitely Raise Interest Rates in September? How Will Crypto and U.S. Stocks Withstand the Pressure?

marsbit1 год тому

Торгівля

Спот