On June 13, 2025, oil prices surged over 10% to exceed $75 per barrel, significantly impacting global financial markets, including cryptocurrencies.

The West Texas Intermediate (WTI) crude oil price increased by nearly 3.5%, reaching $69.85 per barrel, driven by heightened geopolitical tensions in the Middle East.

This rise in oil prices raises inflation concerns, as prices have climbed almost $20 since April 2025, prompting fears of persistent inflation that could affect both traditional and cryptocurrency markets.

Coinbase shares were trading down 2.1% at $215.30, while MicroStrategy shares fell 1.9% to $1,320.50, reflecting broader market trends and risk aversion.

The S&P 500 futures dropped by 0.8% to 5,420 points, indicating a risk-off sentiment that may push capital into cryptocurrencies as a speculative hedge.

The overall cryptocurrency market cap contracted by about 1.8%, likely influenced by inflationary pressures and rising oil prices.

Historical data shows a negative correlation of -0.6 between WTI Crude and Bitcoin, suggesting that rising energy costs can reduce liquidity in riskier assets.

Higher oil prices correlate with increased operational costs for Bitcoin mining, indicated by a 3.5% increase in Bitcoin mining difficulty, potentially leading to selling pressure.

Bitcoin's key support level is at $66,800, with resistance at $68,500, and traders are advised to monitor these levels for potential market reactions to inflation fears.

Bitcoin was trading at $67,250, experiencing a minor dip of 0.8%, while Ethereum's trading volume increased by 7.5% to $850 million, reflecting market volatility.

The correlation between Bitcoin and the S&P 500 remains high at 0.65, indicating that declines in equities due to oil-driven inflation fears may negatively affect crypto prices.

Traders should diversify strategies, such as pairing Bitcoin with stablecoins to mitigate risks, while monitoring on-chain metrics and stock market futures for potential trading signals.