New York, 13 July 2026 – Bitcoin weakened as surging oil prices reignited concerns over global inflation, prompting investors to reduce exposure to higher-risk assets amid expectations that United States interest rates could remain elevated for longer.
The world’s largest cryptocurrency came under renewed selling pressure after crude oil prices climbed sharply following escalating tensions in the Middle East. The rise in energy costs revived fears that inflation may prove more persistent than previously anticipated, potentially delaying monetary easing and tightening financial conditions across global markets.
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