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Crack Spread Surge Hits Bitcoin | Bitcoin and Crypto News
Description
The energy market’s crack spread just hit a record $100+ per barrel, fueled by global supply chaos and peak demand—driving fuel prices up even as crude dips. This inflationary pressure could ripple into everyday costs and catch Bitcoin off guard. Meanwhile, crude oil may rebound from its four-month slump due to shipping disruptions like those in the Strait of Hormuz. But Bitcoin still gets a boost from a weakening U.S. dollar, which hit a two-and-a-half-month low. It’s a wild mix of forces—stay alert as markets juggle conflicting signals.
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