Bitcoin and Oil: No Real Correlation

A new study shows Bitcoin moves independently of oil prices. During a recent oil price jump, Bitcoin actually gained 15%, while oil spiked 46%. Researchers say oil isn't a direct indicator for Bitcoin-instead, watch crypto-specific factors like ETF flows. https://www.thenationalnews.com/business/markets/2026/04/04/a-look-at-the-effect-of-higher-oil-prices-on-bitcoin-or-the-lack-thereof/