{"id":6639,"date":"2025-05-16T15:05:00","date_gmt":"2025-05-16T14:05:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=6639"},"modified":"2025-05-16T14:12:50","modified_gmt":"2025-05-16T13:12:50","slug":"oil-price-drop-crypto-market-surge","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/oil-price-drop-crypto-market-surge\/","title":{"rendered":"Could Falling Oil Prices Spark a Surge in the Crypto Market ?"},"content":{"rendered":"\n

Is Oil Becoming a New Ally for Bitcoin and Cryptocurrencies ?<\/h2>\n\n\n\n

While Bitcoin<\/a><\/strong> continues standing above $100,000,<\/strong> Brent crude oil prices<\/strong> have fallen for the second consecutive day, reaching $63 per barrel,<\/strong> with West Texas Intermediate (WTI<\/strong>) sliding to $60.20<\/strong> \u2014 the lowest since early May. These levels represent a drop of over 25%<\/strong> from their yearly highs.<\/p>\n\n\n\n

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Oil in complete free fall.

$55 now.

$50 is breakeven.

Any more downside pressure here and drills stop going into the ground and pink slips start showing up.
pic.twitter.com\/q74HE0TWZK<\/a><\/p>— Spencer Hakimian (@SpencerHakimian) May 4, 2025<\/a><\/blockquote>