WTI jumps above $104. Traders test Bitcoin’s oil risk.

Oil broke $104 this week. Investors are checking if energy costs will hit Bitcoin and crypto now.

Past selloffs came from within. Mt. Gox in 2014. Terra‑Luna in 2022. Those blowups deepened bear markets more than pump prices.

WTI moved above $104 on Monday, the highest in almost four years, per OilPrice charts.

Geopolitics pushed crude higher. US statements on Iran and rising tensions are in focus, as covered by Al Jazeera’s live updates.

Triple‑digit oil is back. TradingEconomics shows traders on edge as prices revisit the $100s.

History offers mixed signals. In June 2014, during the Iraq crisis, Bitcoin traded near $600, then fell 21% in ten weeks and needed over two years to reclaim levels.

Another case came in May 2022, after the EU proposed phasing out Russian oil. Bitcoin slid 25% in seven days and the bear market ran for 19 months.

Not every spike sticks. In March 2022, after the Russia‑Ukraine war escalated and oil jumped, Bitcoin dropped 15% but rebounded within a month, per The Guardian’s coverage.