Bitcoin climbs as oil tops $100, equities drop after Iran strikes
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
Source: CoinDesk
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DW NOTE
Bitcoin at $79,700 while Brent hits $100 isn't crypto tracking gold — it's Bitcoin front-running the debasement that comes next. When the Strait of Hormuz stays shut and oil shocks the real economy, central banks always choose inflation over recession. The Fed held rates at 3.65% in July while CPI ran at 3.53% and PPI at 5.51%. Bitcoin is pricing the turn before it's announced.