{"id":75130,"date":"2026-03-05T19:01:36","date_gmt":"2026-03-05T19:01:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=75130"},"modified":"2026-03-05T19:01:36","modified_gmt":"2026-03-05T19:01:36","slug":"bitcoin-dumps-to-71000-hormuz-crisis-could-mean-oil-volatility-will-kill-it-bloomberg-analyst-warns","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=75130","title":{"rendered":"Bitcoin Dumps To $71,000: Hormuz Crisis Could Mean &#8216;Oil Volatility Will Kill It,&#8217; Bloomberg Analyst Warns"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) rallied as high as $73,000 amid traffic in the Strait of Hormuz clogging up, but Bloomberg Intelligence commodity strategist <strong>Mike McGlone<\/strong> warned oil volatility will spill into stocks and crush crypto, calling Bitcoin a \u201cbear market\u201d asset heading lower.<\/p>\n<h3 class=\"wp-block-heading\">The Oil Volatility Threat<\/h3>\n<p>McGlone <a href=\"https:\/\/www.youtube.com\/watch?v=VeNr5nY30vk\">explained<\/a> on Thursday that Bitcoin\u2019s price performance remains closely tied to volatility in U.S. equities, particularly the Nasdaq, which must remain near historically low volatility levels for risk assets to rally.<\/p>\n<p>\u201cThe bottom line for these highly volatile risk assets to go up is Nasdaq volatility,\u201d McGlone said. \u201cIf volatility from commodities and crude oil trickles over into the stock market, that\u2019s bad for crypto.\u201d<\/p>\n<p>The Strait of Hormuz closure briefly pushed Brent crude above $85, making a new high above last year\u2019s level.\u00a0<\/p>\n<p>However, McGlone views this as a classic peak signal. The December &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/03\/51078543\/bitcoin-dumps-to-71000-hormuz-crisis-could-mean-oil-volatility-will-kill-it-bloomberg-analy?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" dumps to hormuz crisis could mean volatility will kill it bloomberg analyst warns>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) rallied as high as $73,000 amid traffic in the Strait of Hormuz clogging up, but Bloomberg Intelligence commodity strategist Mike McGlone warned oil volatility will spill into stocks and crush crypto, calling Bitcoin a \u201cbear market\u201d asset heading lower. The Oil Volatility Threat McGlone explained on Thursday that Bitcoin\u2019s price performance remains [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-75130","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75130"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75130\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}