#JPMorgan predicts oil prices will rise to $150 per barrel
This forecast shows that the outlook for oil prices is likely to increase in the near future, due to increased energy demand and limited supply.
- Rising oil prices will lead to escalating inflation, which means pressure on central banks to increase interest rates. This will continue to negatively impact the crypto market.
- However, increasing interest rates can also reduce the momentum of the USD. This could support the recovery of#Bitcoinand#altcoinsin the long term.
In general, the upward trend in oil prices will put pressure on the global economy and continue to create a cautious mentality for#cryptoinvestors. However, the impact is not completely negative.