Geopolitics Alpha

Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes

Published . Updated .

A stretched but firmly bullish Bitcoin chart is riding the same tailwind lifting stocks: falling oil, a record Nasdaq, and a Fed that hiked rates while quietly pumping liquidity into the system.

Directly affected

  • NDAQ Nasdaq

    Named in this report.

  • BLSH Bullish

    Named in this report.

Indirectly affected

  • FRO Frontline

    Tanker operators earn more when freight rates spike

  • INSW International Seaways

    Tanker operators earn more when freight rates spike

  • DHT DHT Holdings

    Tanker operators earn more when freight rates spike

  • TNK Teekay Tankers

    Tanker operators earn more when freight rates spike

  • USO United States Oil Fund

    Oil prices move when Iranian supply is at risk

  • XLE Energy Select Sector SPDR

    Energy companies move with Iran supply risk

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • DAL Delta Air Lines

    Airlines pay more for fuel when oil prices jump

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NDAQ———————
BLSH———————
FRO———————
INSW———————
DHT———————
TNK———————
USO———————
XLE———————
IBIT———————
COIN———————
XOM———————
DAL———————

A stretched but firmly bullish Bitcoin chart is riding the same tailwind lifting stocks: falling oil, a record Nasdaq, and a Fed that hiked rates while quietly pumping liquidity into the system.

Source: Decrypt

Price since this story was published: United States Oil Fund (USO)

Since the first closing price after “Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes,” United States Oil Fund (USO) is +8.05%. The S&P 500 fund (SPY) is -0.17% over the same days, a +8.22% difference versus the market. energy stocks (XLE) is +8.69%, a -0.64% difference versus that group of stocks.

USO
SPY
XLE

Who reported a United States Oil Fund (USO) trade near this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around United States Oil Fund (USO)

Companies carried with this story

  • USO United States Oil Fund

    United States Oil Fund (USO) is linked, with no stored direction, high confidence in the 22 Sep 2026 story “Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • BNO United States Brent Oil Fund

    For “Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XLE Select Sector Spdr Tr

    Select Sector Spdr Tr (XLE) is linked, with no stored direction, high confidence in the 22 Sep 2026 story “Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf

    State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence in the 22 Sep 2026 story “Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes.” Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • AEIS Advanced Energy Industries

    For “Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes,” Advanced Energy Industries (AEIS) is linked, with no stored direction, medium confidence. Reason on file: GA selected AEIS as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AMPY Amplify Energy

    For “Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes,” Amplify Energy (AMPY) is linked, with no stored direction, medium confidence. Reason on file: GA selected AMPY as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ATO Atmos Energy

    For “Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes,” Atmos Energy (ATO) is linked, with no stored direction, medium confidence. Reason on file: GA selected ATO as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BE Bloom Energy

    For “Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes,” Bloom Energy (BE) is linked, with no stored direction, medium confidence. Reason on file: GA selected BE as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

United States Oil Fund (USO) and the energy link

The 22 Sep 2026 story “Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes” names United States Oil Fund (USO) because of Energy.

The link for United States Oil Fund (USO) is this: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

Also listed, United States Brent Oil Fund (BNO): Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

The price range for United States Oil Fund (USO), and the dates in the story

BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. USO traded between 141.82 and 162.99 across 20 sessions. The latest close on file is 160.80. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.

How solid the energy case looks

46 out of 100

“Bitcoin Breaks Out as Nasdaq Hits Records and Oil Slides on Iran Hopes” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.