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Brent crude tops $116 as oil spike drags crypto into risk-off mood

Crypto Briefing·October 23, 2026·1 min read
Brent crude tops $116 as oil spike drags crypto into risk-off mood

Brent crude topped $116 as the oil spike dragged crypto into a risk-off mood. Rising oil prices exacerbate inflation concerns, impacting risk assets like crypto and equities. Markets adjust to tighter monetary policy, with investors seeking safer havens amid economic uncertainty.

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