BTC Eyes $70K as Pump Prices Replace Crude as Key Driver
The Iran oil spike has unwound at the WTI screen, but RBOB gasoline is still 40% above pre-war levels.
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The Iran oil spike has unwound at the WTI screen, but RBOB gasoline is still 40% above pre-war levels.
A weaker-than-expected US jobs report did the Fed's hawkish trade two-thirds of a favor: BTC reclaimed $62K and ended a 10-day ETF withdrawal streak, though cumulative outflows since early May still…
Rate hikes now outweigh rate cuts as the base case, and that keeps altcoins and $BTC pinned to the back of the risk curve until the Fed has a reason to pivot.
The unanimous hold masked a hawkish dot-plot: nearly half the FOMC now sees a hike as possible before year-end, just as a US-Iran deal pulls oil back toward $76 and pulls CPI expectations with it.