The oil price is going up and many people expect it will go above 100 USD per barrel,or even 120 USD per barrel.How this will impact the world economy and the cryptocurrency prices?
I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
In my opinion, I do not see any connection to Bitcoin in this case, and if the price of both responds equally in some respects before, that possibility is a coincidence. I think, bitcoin prices are currently declining due to market correction. I believe It will increase again.