The global oil shock has the Fed cornered just days before its next meeting — what that means for Bitcoin

A sudden oil shock driven by Strait of Hormuz disruptions has raised inflation risks just ahead of the Fed’s April 28–29 meeting and the BEA’s April 30 GDP/PCE releases. Higher energy costs could keep core inflation elevated (St. Louis Fed cites core inflation near 3%) and push the Fed toward a “higher-for-longer” interest-rate path, delaying expected rate cuts. That outcome would likely hurt risk assets, including Bitcoin, which has been trading in lockstep with liquidity and policy expectations. If oil-driven price pressure persists, markets may reprice the path for easing and force Bitcoin lower alongside equities; if tensions ease and oil cools, Bitcoin could regain its softer-rate bullish case.