Does Oil Move Bitcoin Price? No and Yes

Crypto Insight Summary: While you keep reading headlines that bitcoin crashed as oil spiked, this year has once again proved that bitcoin largely ignores changes in oil prices. What also hasn’t changed is that oil might affect bitcoin prices indirectly through inflation and central bank monetary policy. Looking at the past five years of daily, weekly, and monthly […] Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: Oil price changes have minimal direct impact on BTC prices in short term.