Bitcoin Price Outlook: Falling Oil Fuels Recovery Hopes

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.

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.

The rate at which the general level of prices for goods and services rises over time, usually measured over twelve months.

When prices rise faster than wages, households can buy less with the same income, and central banks may raise interest rates in response.