aabz13s9978 pkch106024Dec 26, 2021 · 3 years ago6 answers What is the impact of WTI oil barrel price on the value of cryptocurrencies?
How does the price of WTI oil barrels affect the value of cryptocurrencies? Can fluctuations in the oil market have a direct influence on the prices of digital currencies like Bitcoin and Ethereum? Are there any correlations or causal relationships between the two markets? What are the possible mechanisms through which changes in oil prices can impact the value of cryptocurrencies?