According to The Kobeissi Letter, a recent Federal Reserve study shows that every $10 increase in oil prices results in a 20 basis point rise in CPI inflation. Oil prices have already climbed about $20 from their April lows, which could add approximately 40 basis points to CPI inflation (source: The Kobeissi Letter on Twitter, June 22, 2025). This stronger inflationary pressure may influence Federal Reserve policy, increasing uncertainty for risk assets like BTC and ETH. Crypto traders should closely monitor energy market trends as rising inflation could prompt tighter monetary policy, potentially leading to higher volatility across digital assets.