Oil prices hit 3-year high above $105: Will Bitcoin crash again?
Historical data shows Bitcoin bear markets deepening when oil prices rally to record highs. Will Monday’s $105 WTI price lead to a BTC crash?
Key takeaways:
$105 WTI crude often triggers Bitcoin price corrections, with history showing a 14% to 27% sell-off within weeks.
The BTC to oil correlation remains uncertain as events like Mt. Gox and the Terra-Luna collapse likely deepened previous crypto bear markets.