Oil Surges Near $100 Stalling Bitcoin Breakout

Bitcoin ($BTC) is banging against the $70,000 door, but the surging cost of oil in the macro environment just changed the locks.With oil prices reaching dangerously close to $100 per barrel amidst escalating geopolitical tensions, the asset’s recovery rally is stalling out as risk assets feel the heat of renewed inflation fears. While bulls are defending the lower bounds of the range, the path to a new all-time high …