Oil above $112: is Bitcoin an inflation hedge?
Published . Updated .
Brent at a five-month high while crypto falls with tech stocks. What the oil shock of October 22, 2026 says about Bitcoin as an inflation hedge.
Directly affected
- CRCW Crypto
Named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust+6.9%
This price moves with the crypto market
- COIN Coinbase+2.8%
The crypto exchange moves with trading volumes
- MSTR Strategy+12.0%
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings-9.9%
Bitcoin miners move with the bitcoin price
- XOM Exxon Mobil+7.9%
Oil producers earn more when crude prices rise
- CVX Chevron+6.6%
Oil producers earn more when crude prices rise
- RIOT Riot Platforms-33.1%
Bitcoin miners move with the bitcoin price
- HOOD Robinhood-10.8%
Retail trading apps move with crypto volumes
- OXY Occidental Petroleum+1.5%
Oil producers earn more when crude prices rise
- COP ConocoPhillips
Oil producers earn more when crude prices rise
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CRCWNo price data for this ticker | — | — | — | — | — | — | — |
| IBIT | +0.20% | +1.41% | base | after close | after close | after close | after close |
| COIN | +2.37% | +0.95% | base | after close | after close | after close | after close |
| MSTR | -6.25% | -2.19% | base | after close | after close | after close | after close |
| MARA | +3.86% | +3.10% | base | after close | after close | after close | after close |
| XOM | +0.46% | -0.17% | base | after close | after close | after close | after close |
| CVX | -0.70% | -0.41% | base | after close | after close | after close | after close |
| RIOT | +6.47% | +6.90% | base | after close | after close | after close | after close |
| HOOD | +2.35% | +1.65% | base | after close | after close | after close | after close |
| OXY | -0.16% | +0.70% | base | after close | after close | after close | after close |
| COP | +0.58% | +0.19% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Oil above $112: is Bitcoin an inflation hedge? CryptoTicker
Source: CryptoTicker
Energy
| Company | When | Move | Status |
|---|---|---|---|
| COIN | three days earlier | +0.95% | final price |
| COIN | five days earlier | +2.37% | final price |
| COP | three days earlier | +0.19% | final price |
| COP | five days earlier | +0.58% | final price |
| CVX | three days earlier | -0.41% | final price |
| CVX | five days earlier | -0.70% | final price |
| HOOD | three days earlier | +1.65% | final price |
| HOOD | five days earlier | +2.35% | final price |
| IBIT | three days earlier | +1.41% | final price |
| IBIT | five days earlier | +0.20% | final price |
| MARA | three days earlier | +3.10% | final price |
| MARA | five days earlier | +3.86% | final price |
| MSTR | three days earlier | -2.19% | final price |
| MSTR | five days earlier | -6.25% | final price |
| OXY | three days earlier | +0.70% | final price |
| OXY | five days earlier | -0.16% | final price |
| RIOT | three days earlier | +6.90% | final price |
| RIOT | five days earlier | +6.47% | final price |
| XOM | three days earlier | -0.17% | final price |
| XOM | five days earlier | +0.46% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Rohit Khanna bought Coinbase Global (COIN) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 48 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Gilbert Cisneros sold Coinbase Global (COIN), worth $1,001 - $15,000 on 18 Aug 2026. That is 65 days before publication. Filed 10 Sep 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 52 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 83 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 29 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 50 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Chevron (CVX), worth $15,001 - $50,000 on 31 Jul 2026. That is 83 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 57 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 59 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 69 days before publication. Filed 14 Oct 2026. View the filing.
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).
How solid “Oil above $112: is Bitcoin an inflation hedge?” looks
12 out of 100
“Oil above $112: is Bitcoin an inflation hedge?” scores 12 out of 100. The score uses 1 sources.