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Bitcoin Tumbles Below $100K as Oil Shock Sparks Wall Street Risk Aversion

Bitcoin Tumbles Below $100K as Oil Shock Sparks Wall Street Risk Aversion

Author:
CoindeskEN
Published:
2025-06-22 14:42:37
7
2

Bitcoin Price Slips Below $100K, Hinting Oil-Led Risk-Off on Wall Street

Black gold bleeds into crypto markets as Bitcoin's throne wobbles.

Risk-off tsunami hits digital assets

Oil's brutal selloff triggered a chain reaction—first crushing energy stocks, then leaking into crypto. Bitcoin's 15% nosedive below the psychological $100K mark signals traders are dumping speculative assets faster than a degenerate gambler at a rigged roulette table.

Wall Street's petro-panic goes digital

When Brent crude cratered 9% overnight, the usual suspects (energy ETFs, shale companies) took the first hit. But the contagion didn't stop there—Bitcoin's correlation with traditional risk assets struck again, proving the 'digital gold' narrative remains shaky when macro winds shift.

Silver lining for diamond hands?

History suggests these pullbacks create generational buying opportunities. Then again, history also includes tulip mania and Beanie Baby futures—so maybe ask your financial advisor (or your tarot reader) before going all-in.

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