Topic
Crude oil fell sharply by more than 7% after President Trump indicated that negotiations with Iran are set to resume, rattling energy markets worldwide.
U.S. crude oil inventory data tops the agenda for traders watching both energy and crypto markets today, as macro signals continue to shape digital asset sentiment.
Bitcoin is trading near $66,000 as renewed fears of a Federal Reserve interest rate hike put pressure on the broader crypto market.
Wednesday's economic calendar puts US crude oil inventory data in focus, with crypto markets watching macro signals closely for direction.
Markets are watching US June PPI data and a slate of Federal Reserve speakers today, with crypto traders also tracking key scheduled events that could move prices.
Bitcoin climbed back above $61,000 after a sharp sell-off wiped out $1.6 billion in crypto positions, triggered by stronger-than-expected US jobs data rattling risk markets.
