Oil Price Nears Yearly High: Is a Stock and Crypto Crash Coming?
Oil is climbing toward its yearly high, and the timing could hardly be worse for financial markets. Wall Street is already struggling, Bitcoin has fallen sharply, and investors now face another threat: a renewed US war with Iran after the midterm elections. Brent crude touched $117.42 per barrel on Friday, October 23,…
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyBitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinCrude oil
Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.
Oil prices feed into fuel, transport and goods costs, and so into inflation.
More about Crude oilMore in Energy
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