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Oil prices crashed, BTC laughed: a chain reaction triggered by an election
As soon as the election results came in, Jefferies played two cards: canceling Trump's tariffs and ending the Iran war. The market instantly exploded—crude oil plummeted over 8%, the US dollar and Treasury yields both fell, while gold surged against the trend.
On the surface, it looks like a political shock, but at its core, it's the collapse of inflation expectations. When oil prices crash, the chain "oil price rises
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