U.S. diesel prices hit record high as bitcoin and gold struggle

Crypto Insight Summary: Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Fed rate hike expectations weigh on risk assets like BTC.