Brent climbed on stalled Hormuz talks, reviving the inflation worry that has capped bitcoin all summer. Today's US payrolls print is the next catalyst.

Trump’s comments on jobs, inflation and a possible Strait of Hormuz deal have helped risk sentiment, but bitcoin’s next move depends on whether lower oil actually pulls Treasury…

(Bloomberg) -- A renewed spike in oil prices sent stocks lower while boosting Treasury yields, fueling worries about inflationary pressures ahead of Friday’s jobs report.