EconomyBitcoin could react to new 40M-barrel US oil sale before delivery
The US Department of Energy is seeking exchanges for up to 40 million barrels from the Strategic Petroleum Reserve, with bids due October 6 and deliveries planned for November and December. The offer could affect Bitcoin through inflation expectations, bond yields and Federal Reserve rate expectations, but available figures do not show that it has moved those markets or Bitcoin yet.
Bitcoin could react to new 40M-barrel US oil sale before delivery
Economy