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06/19 16:23Tăng giá

Why Bitcoin fell below $63K after the oil shock

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Why Bitcoin fell below $63K after the oil shock finally eased Bitcoin’s drop below $63,000 shows traders are looking past Hormuz relief and pricing the Fed’s hawkish rate outlook back into risk assets. Bitcoin fell about 2% to $63,030 after briefly dropping to $62,263 as oil slid and Hormuz shipping resumed. 02The move matters because cheaper oil usually eases inflation pressure, but Bitcoin stayed weak as rate-sensitive traders refocused on the Fed. 03The Fed's hawkish dot plot, higher PCE forecast, and one-year-high dollar keep BTC vulnerable unless oil relief reaches inflation data. Bitcoin traded at $63,030 on June 18, down about 2% on the day, after whipsawing from an intraday high of $64,731 to a low of $62,263 while oil was falling and ships were moving through the Strait of Hormuz for the first time in weeks. Today, June 19, it then continued to experience weak price performance, approaching $62,450 as of press time. The US-Iran Islamabad Memorandum of Understanding, signed by President Donald Trump and sent to Congress on June 18, commits Iran to ensuring safe commercial passage through the Strait of Hormuz for 60 days, while the US fully ends its naval blockade on Iranian ports within 30 days. Three Saudi-flagged supertankers carrying 6 million barrels of crude sailed through the Strait hours after Trump signed the deal, with vessels broadcasting their positions again after weeks of concealing voyages. Brent touched its lowest level since before the war began on Feb. 28, settling near $79.85, while WTI settled at $76.60. The Strait handles roughly 20% of global oil supply, and for the first time since the conflict began, that supply lane was open. Lower oil reduces the risk of another energy-driven inflation impulse, which in a standard macro sequence eases inflation expectations, puts downward pressure on yields, and makes risk assets with long duration more attractive to rate-sensitive positioning.

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