Crypto Observers Warn of Risk Aversion as Oil Prices Top $93

Extraordinary oil prices are often transmitted to retail fuel prices, raising key inflation metrics like the Consumer Price Pointer (CPI). That, in turn, weighs over households’ disposable income. Less disposable income means weak consumption, productive growth, and less inclination to invest in high-risk, high-reward assets like bitcoin and technology stocks. It’s notable that Bitcoin’s utter correlation with stocks has recently made a comeback.