Bitcoin set to snap three-week win streak on surging oil, tick up in Fed hike bets

Bitcoin was set to end a three-week run of gains as rising oil prices and a modest increase in expectations for further Federal Reserve rate hikes weighed on broader risk appetite, according to Investing.com Canada.

The move highlights Bitcoin’s continued sensitivity to macroeconomic conditions despite its decentralized design. Higher energy prices can raise concerns about inflation, while stronger expectations for tighter monetary policy can reduce demand for risk-sensitive assets across traditional and digital markets.

Federal Reserve policy expectations are closely watched by crypto traders because interest-rate decisions influence financial conditions, liquidity and investor willingness to hold volatile assets. Bitcoin, the largest cryptocurrency by market value, has often traded alongside shifts in sentiment affecting technology shares and other higher-risk investments.

A weekly decline would interrupt Bitcoin’s recent positive stretch, but would not by itself establish a broader trend. Market participants are likely to continue monitoring oil markets, inflation signals and central-bank expectations for clues on near-term crypto market direction.