Bitaigen Research 
In this article we outline the macro‑level background behind recent oil price increases caused by tightening energy supplies, and examine the direct impact of this trend on Bitcoin market sentiment. By aggregating data from multiple sources and expert opinions, we aim to help readers clarify the logical link between oil price fluctuations and digital‑asset prices, and to reveal the underlying risks and opportunities. If you want to understand the driving forces and possible future trajectories, please continue reading.
Trump Is Untroubled by Oil Prices
Faced with the rapid climb in oil prices, former President Donald Trump views the situation as a temporary blip. In an interview with reporters he said, “We expected oil prices to rise, and after the rise they will fall back, and they’ll drop quickly.” Regarding rumors that the United States might tap its Strategic Petroleum Reserve, Trump was equally dismissive, claiming that the U.S. has ample crude‑oil resources and that any supply concerns will be resolved swiftly.
Oil prices have indeed surged dramatically in recent days. Data from the decentralized derivatives platform Hyperliquid shows that after the U.S. futures market opened, oil jumped from $95 per barrel to $113.7 per barrel. At the same time, Iraqi officials warned that if Iran threatens tankers in the Strait of Hormuz, roughly 3 million barrels per day of production could be forced to shut down. TradingView statistics indicate that this level is the highest since April 2022, a month that followed Russia’s full‑scale invasion of Ukraine a few weeks earlier.
Last week, amid U.S. and Israeli military strikes against Iran, oil briefly surged by over 30 %, before Iran launched retaliatory actions against several Middle‑Eastern neighbours. The subsequent pull‑back brought oil down to around $105 per barrel, creating a classic “rise‑then‑fall” pattern.
Since Wednesday, the trend of oil price movements is illustrated in the chart below (source: High‑Molecular‑Liquid).
In the context of volatile energy markets, Bitcoin has also shown pronounced price swings. During the heightened Middle‑East tension last week, spurred by news such as the death of Iran’s Supreme Leader Ayatollah Khamenei, Bitcoin climbed from below $64,000 to a peak of $73,770. However, as oil prices kept climbing and market sentiment shifted, BTC entered a four‑day downtrend, closing for the fourth consecutive day at $66,272, a daily decline of nearly 2 %. Most of the loss occurred within a 15‑minute trading window on Sunday.
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In summary, concerns over tight energy supplies that drive oil price spikes have directly impacted Bitcoin’s short‑term performance. For deeper analysis of the nexus between energy shortages, oil price volatility, and Bitcoin price movements, stay tuned to Bitaigen’s (比特根) ongoing coverage.
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