Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Bitcoin’s Performance Influenced by Three Key Factors, According to Bitfinex, 2026/03/10 17:38:00
The price of Bitcoin is increasingly affected by three elements: oil prices, the policies of the U.S. Federal Reserve (Fed), and the yield on U.S. government bonds, according to analysts from Bitfinex.
Related Posts
The recent rebound in Bitcoin’s price has not significantly altered the overall landscape. Analysts believe that the market is gradually stabilizing after several months of decline, but the dynamics are still influenced by economic factors. Bitcoin is transitioning from a correction phase to a consolidation phase, as stated by Bitfinex.
A significant pressure factor has been the rise in oil prices. Over the past two weeks, prices have increased by approximately 80%, briefly surpassing $110 per barrel amid escalating conflict between Iran and the U.S. with Israel. Bitfinex analysts assert that the repercussions of rising oil prices extend well beyond their impact on the energy sector.
“Historically, periods of rising oil prices have coincided with an increase in the real yield of U.S. government bonds and a strengthening dollar. This leads to a reduction in global liquidity and may hinder the growth of risk assets, including cryptocurrencies,” the analysts clarified.
The cost of energy resources directly influences inflation expectations. In developed nations, energy expenses account for about 9% of the consumer basket, so persistently high oil prices could delay interest rate cuts and result in a tightening of central bank monetary policies.
If the inflow of funds into spot Bitcoin ETFs continues and the economic situation remains neutral, Bitcoin may gradually rise to a level slightly above $70,000, the analysts announced. However, if inflationary pressures intensify due to high oil prices, the price of the leading cryptocurrency may once again test the support zone around $60,000 before a sustained rally begins, according to Bitfinex experts.
Previously, Bitcoin Vector co-founder Willy Woo indicated that the leading cryptocurrency might initially exhibit short-term price growth that could mislead investors, followed by a more profound decline.
