The post Surging Oil Prices and Inflation Data Will Rattle Crypto Markets This Week appeared on BitcoinEthereumNews.com. Home » Crypto News A busy week lies aheadThe post Surging Oil Prices and Inflation Data Will Rattle Crypto Markets This Week appeared on BitcoinEthereumNews.com. Home » Crypto News A busy week lies ahead

Surging Oil Prices and Inflation Data Will Rattle Crypto Markets This Week

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Home » Crypto News


A busy week lies ahead with all eyes on oil prices and key inflation reports due on the United States economic calendar. 

‘;
}
function loadTrinityPlayer(targetWrapper, theme,extras=””) {
cleanupPlayer(targetWrapper); // Always clean first ✅
targetWrapper.classList.add(‘played’);
// Create script
const scriptEl = document.createElement(“script”);
scriptEl.setAttribute(“fetchpriority”, “high”);
scriptEl.setAttribute(“charset”, “UTF-8”);
const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);
scriptURL.searchParams.set(“pageURL”, window.location.href);
scriptEl.src = scriptURL.toString();
// Insert player
const placeholder = targetWrapper.querySelector(“.add-before-this”);
placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);
}
function getTheme() {
return document.body.classList.contains(“dark”) ? “dark” : “light”;
}
// Initial Load for Desktop
if (window.innerWidth > 768) {
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),’&autoplay=1′);
});
}
}
// Mobile Button Click
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),’&autoplay=1′);
});
}
function reInitButton(container,html){
container.innerHTML = ” + html;
}
// Theme switcher
const destroyButton = document.getElementById(“checkbox”);
if (destroyButton) {
destroyButton.addEventListener(“click”, () => {
setTimeout(() => {
const theme = getTheme();
if (window.innerWidth > 768) {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if(desktopWrapper.classList.contains(‘played’)){
loadTrinityPlayer(desktopWrapper, theme,’&autoplay=1′);
}else{
reInitButton(desktopWrapper,’Listen‘)
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,’&autoplay=1’);
});
}
}
} else {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if(mobileWrapper.classList.contains(‘played’)){
loadTrinityPlayer(mobileWrapper, theme,’&autoplay=1′);
}else{
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,’&autoplay=1′);
});
}
}
}
}, 100);
});
}
})();


Summarize with AI


Summarize with AI

Crypto markets saw another red Monday morning as digital assets erased last week’s gains and returned to their sideways channel.

The only thing going up at the moment is oil prices, with crypto, commodities, and US stock futures all falling on Monday morning.

President Donald Trump said oil prices “will drop rapidly” when the “Iran nuclear threat is over,” adding that it is a “very small price to pay.”

Economic Events March 9 to 13

Crude oil prices have skyrocketed to $116 per barrel as oil futures opened higher on Sunday evening. This has resulted in major volatility in stock futures and crypto markets, which are falling.

The Kobeissi Letter described it as “one of those days that will be referenced for decades to come,” with oil prices surging 25% on a Sunday, US stock market futures erasing over $2 trillion, and “20 million barrels per day of oil supply offline with no signs of deescalation,” it added.

The week ahead will add to that volatility, starting on Wednesday with February’s CPI (consumer price index) inflation data. There is only one way inflation can go with fuel prices skyrocketing.

The delayed January reading of the Federal Reserve’s preferred inflation gauge, the personal consumption expenditures (PCE) price index, is due on Friday, adding fuel to the fire.

You may also like:

The timing is significant ahead of the Fed’s rate-setting meeting on March 18, which has a 95.5% probability of no rate changes, according to CME Group futures markets.

The PCE print is expected to show that prices increased 0.4% month-on-month in January, matching December’s pace, and would be the second consecutive “hot” reading.

Surging gasoline prices tied to the Middle East conflict could influence inflation expectations and consumer spending behavior, as broader markets go into selloff mode.

Crypto Market Outlook

High-risk crypto assets are particularly sensitive to geopolitical conflict, and markets have retreated $40 billion over the weekend to $2.36 trillion.

Bitcoin saw resistance at $68,000 on Sunday and tanked below $66,000 before a marginal recovery during Asian trading on Monday morning. The asset remains in the middle of its range-bound channel but is heading for the lower bands.

Ether prices saw similar declines, failing to reclaim $2,000 over the weekend and falling back to $1,960 at the time of writing. The altcoins were mostly flat over the past 24 hours.

SPECIAL OFFER (Exclusive)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Source: https://cryptopotato.com/surging-oil-prices-and-inflation-data-will-rattle-crypto-markets-this-week/

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0004684
$0.0004684$0.0004684
-0.08%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.