Oil prices are sliding hard right now as Iran war fears ease slightly and OPEC supply concerns cool down.
Why does oil matter for crypto?
Lower oil prices = lower inflation = the Fed is more likely to cut rates = more money flows into BTC and crypto.
Every time oil drops, the case for a Fed rate cut gets stronger
The
March 18 Fed meeting is 4 days away. If oil keeps dropping, expect crypto to react positively
watching this closely đ
Are you positioned for the Fed meeting? đ
NFA, DYOR, $BTC #OilPricesSlide #CryptoRadar #crypto #oilpricesslide