OIL DUMPS, RISK ASSETS WATCHING
Brent crude has fallen to around $86.7, down more than 4% on the day as traders price in improving geopolitical sentiment and reduced fears of a major supply disruption.
Just days ago, oil was trading above $110 as Middle East tensions escalated. The sharp reversal suggests markets are becoming more confident that a broader conflict may be avoided.
If crude continues lower, Bitcoin and crypto may gain an additional macro tailwind heading into the next major market catalyst. 👀
#Bitcoin #cryptofirst21 $SPCXB $NVDAB #SpaceXIPOUSStocksOpenHigher
