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🛢️Oil surges to a six-week high what does it mean for crypto? $CL Crude oil prices have climbed to their highest levels in six weeks as Middle East tensions fuel concerns over potential supply disruptions. Brent is pushing closer to the $100 per barrel mark, while WTI continues to strengthen. $BZ 📊 Higher oil prices can reignite inflation, making central banks especially the Federal Reserve more cautious about cutting interest rates. For crypto, that matters. If inflation remains elevated and rate-cut expectations are pushed back, risk assets like Bitcoin and altcoins could face near-term headwinds as liquidity conditions tighten. On the other hand, if geopolitical tensions ease and energy markets stabilise, inflationary pressure may soften, improving the outlook for both traditional and digital assets. Beyond Bitcoin's chart, oil is currently one of the key macro indicators worth watching for clues about the next move across financial markets. #CXMTDebutShockwave #CeasefireHitsCrude #PredMarketsBanPaused