Surging Oil Prices and Inflation Data Will Rattle Crypto Markets This Week
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Crypto markets fell Monday morning, erasing last week's gains and reverting to a sideways trading channel, signaling continued range-bound price action. Oil prices rose while crypto, commodities and US stock futures declined, highlighting cross-market weakness and muted risk-on sentiment. Keywords: crypto, commodities, US stock futures, sideways channel, oil prices.
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Crypto markets saw another red Monday morning as digital assets erased last week’s gains and returned to their sideways channel.
The only thing going up at the moment is oil prices, with crypto, commodities, and US stock futures all falling on Monday morning.
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