Crypto prices dip as crude oil jumps to $115 ahead of US inflation report

cryptonews

03/08

Crypto prices continued the strong downward trend today, March 8, as the war in Iran continued, pushing crude oil prices to $115 ahead of the upcoming US consumer inflation report. Summary Crypto...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto prices dip as crude oil jumps to $115 ahead of US inflation report\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cryptonews</strong><span class=\"h-time small\">2026-03-08 14:23</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>Crypto prices continued the strong downward trend today, March 8, as the war in Iran continued, pushing crude oil prices to $115 ahead of the upcoming US consumer inflation report.\n\n\nSummary\n\n\n\nCrypto...</p>\n\n<a href=\"https://crypto.news/crypto-prices-dip-as-crude-oil-jumps-to-115-ahead-of-us-inflation-report/\">网页链接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://crypto.news/crypto-prices-dip-as-crude-oil-jumps-to-115-ahead-of-us-inflation-report/\">cryptonews</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4570","symbol_name":"地緣局勢概念股","start_time":0,"source_url":"https://crypto.news/crypto-prices-dip-as-crude-oil-jumps-to-115-ahead-of-us-inflation-report/","article_id":"2617166905","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/crypto-prices-dip-as-crude-oil-jumps-to-115-ahead-of-us-inflation-report/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2617166905","pubTimestamp":1772951013,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Crypto prices continued the strong downward trend today, March 8, as the war in Iran continued, pushing crude oil prices to $115 ahead of the upcoming US consumer inflation report.Crypto prices continued falling today, with Bitcoin moving to $96,000.Crude oil prices jumped to over $115 on Hyperliquid.The US will publish its inflation report on Wednesday this week.Bitcoin  price dropped to $67,000 on Sunday from last week’s high of $74,000. An index tracking the top 20 cryptocurrencies dropped by 1.29% in the last 24 hours, while the Crypto Fear and Greed Index dropped to 18.Crypto prices dropped amid signs that the war in Iran was not about to end, which pushed crude oil prices to the highest level since 2022. The West Texas Intermediate, which ended the week at $90, soared to $115. Brent, the global benchmark, is nearing the important resistance level at $120 on Hyperliquid.Core inflation, which excludes the volatile food and energy prices, is expected to come in at 2.5. US inflation ","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4570":"地缘局势概念股","BTC.AU":"Btc Health Ltd","SCO":"二倍做空彭博原油指数ETF","BK4588":"碎股","BTC":"Grayscale Bitcoin Mini Trust","BK4585":"ETF&股票定投概念","DUG":"二倍做空石油与天然气ETF(ProShares)"},"translate_title":"美国通胀报告公布前原油价格跃升至115美元，加密货币价格下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC.AU":1,"DUG":1.5,"SCO":0.6,"BTC":1},"content_text":"Crypto prices continued the strong downward trend today, March 8, as the war in Iran continued, pushing crude oil prices to $115 ahead of the upcoming US consumer inflation report.\n\n\nSummary\n\n\n\nCrypto prices continued falling today, with Bitcoin moving to $96,000.\nCrude oil prices jumped to over $115 on Hyperliquid.\nThe US will publish its inflation report on Wednesday this week.\n\n\n\nBitcoin (BTC) price dropped to $67,000 on Sunday from last week’s high of $74,000. An index tracking the top 20 cryptocurrencies dropped by 1.29% in the last 24 hours, while the Crypto Fear and Greed Index dropped to 18.\nCrypto prices dropped amid signs that the war in Iran was not about to end, which pushed crude oil prices to the highest level since 2022. The West Texas Intermediate, which ended the week at $90, soared to $115. Brent, the global benchmark, is nearing the important resistance level at $120 on Hyperliquid.\nCrude oil prices soared after more countries in the Middle East slashed their production because of the closure of the Strait of Hormuz by Iran. Kuwait and the United Arab Emirates announced that they would slash production as the war continues.\nSoaring oil prices has a major impact on crypto prices because of its impact on inflation. Recent macro data from the United States showed that inflation has continued falling in the past few months. Therefore, this war will change the trajectory and push inflation higher in the coming months.\nSoaring inflation rate will make it hard for the Federal Reserve to cut interest rates. Indeed, data on Polymarket shows that traders have scaled down their outlook for the Federal Reserve interest rate cuts for the year.\nThe war in Iran is also bearish for the crypto market because Bitcoin has proven to be an unreliable hedge against inflation and geopolitical risks.\nLooking ahead, crypto prices will react to the upcoming US consumer inflation report on Wednesday. Economists polled by Reuters expect the upcoming numbers to show that the headline Consumer Price Index rose to 2.5% in February from the previous 2.4%. \nCore inflation, which excludes the volatile food and energy prices, is expected to come in at 2.5. US inflation expectations have continued soaring this month as the war goes on.\nTraders will focus on several cryptocurrencies this week. Pi Network price will be in focus ahead of the Pi Day event that happens on Saturday this week. Similarly, Polkadot will be in focus ahead of the tokenomics upgrade on March 12.\n\n\n\n\n\n                You might also like:\n            \n\n                Ethereum eyes faster, tougher finality with Minimmit","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}