BTC eased from a one-month high as WTI crude topped $85 for the first time since June, reigniting inflation fears and pushing investors toward gold, silver and the safety of bitcoin over altcoins.

Brent crude surged past $90 as the US-Iran conflict entered its tenth day, pressuring Bitcoin and crypto markets amid rising inflation fears.

Brent crude oil hit $89.93 per barrel on July 21, up $20.50 year-over-year. Here's why rising energy prices matter for Bitcoin and crypto