Oil Surges 75% as Bitcoin Correlation Turns Negative Amid Middle East Tensions

Oil has reasserted itself as the market’s primary barometer of Middle East risk, with prices surging while typical ‘risk assets’ move in the opposite direction. Kaiko Research says the renewed flare-up in regional tensions has pushed crude sharply higher year-to-date and flipped correlations with Bitcoin (BTC) and U.S. equities decisively negative—an unusual cross-asset divergence that highlights how geopolitical shocks are being priced first and most aggressively in energy.

In a recent report, Kaiko Research analyst Thomas Probst noted that both West Texas Intermediate (WTI) and Brent crude…  Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

UP NEXT

Related Tags

Loading RSS Feed

You May Like

Subscribe To Our Newsletter

Metus in ac vivamus dui id purus in risus. Nunc fringilla donec amet pulvinar vivamus suscipit. Augue porttitor eu sed proin tortor bibendum facilisis felis. Nunc egestas tellus nisl tempor aliquet malesuada ali eu sed proin tortor bibendum facilisis felis
Stay Updated by our Monthly / Weekly News Update. Zero Spamming. Terms & Condition Applied