Oil prices are rising amid the US-Iran conflict, but whether Bitcoin will suffer is up for debate, as history suggests a bullish BTC price outlook.
Bitcoin (BTC) initially dropped before paring all losses, leaving market participants wondering what higher oil prices would mean for BTC price going forward.
Key takeaways:
Escalating Middle East conflict pushes oil to $79, putting Bitcoin at risk of a drop to $60,000 due to inflation shocks and delayed Fed rate cuts.
