Web3brunoe

OIL IS RISING, CRYPTO IS DIPPING. WHY?
A ten-year research based on weekly data has shown that there is no direct relationship between Oil and Crypto. So why then do prior occurrences show that oil price spikes are followed by a BTC downward movement? For instance, from January to mid-March this year, Brent crude went from $73 per barrel to $119.50 influenced by the US-Iran-Israel conflict. Bitcoin also had a downswing over that same period from $97,000 to around $65,000. Another one is the 2022 oil shock (from $77 per barrel to $139) influenced by the Russia-Ukraine conflict which we saw a dr