CoinDesk·4 min read·medium
The 'crack' in the energy market is wider than ever. Bitcoin might feel it.
O
Omkar Godbole
✦AI Summary
Rising oil product costs, specifically the 'crack spread' between crude oil and diesel, are threatening to drive inflation higher. This economic pressure, combined with rising bond yields, may create headwinds for Bitcoin despite a weakening U.S. dollar.
On Monday, CoinDesk reported that Goldman Sachs was downplaying the chance of the Federal Reserve raising interest rates in September, citing slower inflation and echoing dovish expectations among traders, a potential tailwind for bitcoin BTC $ 64,299.09 .
economybusinesscrypto
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