How rising oil prices could affect Bitcoin miners

DAILY MARKET OVERVIEW

If Oil Keeps Climbing

👋 Hey, Crypto Enthusiasts! Let’s explore what happens to BTC miners if oil keeps climbing.

The Iran conflict briefly pushed oil prices above $100, which raised concerns about whether higher energy costs could hurt Bitcoin miners.

❌ But new research suggests that’s unlikely.

According to Luxor’s Hashrate Index, a platform that tracks mining profitability and network activity, roughly 90% of global Bitcoin mining operates in electricity markets where power prices have little correlation with crude oil.

Using data from sources like the Cambridge Centre for Alternative Finance and the Bitcoin Mining Council, Luxor estimates that most miners rely on energy sources such as:

• Natural gas

• Coal

• Hydropower

• Geothermal

🛢️ Crude oil, by contrast, accounts for only a tiny fraction of mining energy usage.

Because of that, oil price spikes typically don’t translate directly into higher mining electricity costs.

⚠️ The bigger risk is macro.

Higher oil prices can increase inflation expectations, strengthen the US dollar, and push investors toward safer assets. That kind of environment often pressures risk assets like Bitcoin.

📉 And when BTC drops, mining profitability falls immediately.

Earlier this year, when Bitcoin declined from $78K to $65K, mining revenue per unit of computing power (known as hashprice) dropped to record lows.

Simply said, geopolitical oil shocks probably won’t squeeze miners through energy costs.

But they could still hurt them through Bitcoin’s price.

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SOCIAL SENTIMENT

Pump.fun Just Printed $1B… And Might Be Leaving Home

Pump.fun just became the first platform on Solana to generate $1B in cumulative revenue.

And it did it in about two years.

Here’s the breakdown:

• 2024: $321M

• 2025: $664M

• 2026 (so far): $98M

Total: ~$1.08B

That puts the memecoin launchpad ahead of major Solana protocols like Jupiter (~$401M) and Raydium (~$126M) in lifetime revenue.

Not bad for a platform that basically runs the internet’s favorite casino: memecoins.

But something interesting is happening…

On-chain enthusiasts noticed Pump.fun created subdomains for Ethereum, Base, BSC, and Monad.

At the same time, the project removed “Solana” from its X profile.

Meaning a cross-chain expansion could be coming.

Meanwhile, Pump.fun continues buying back its own token

The protocol is using almost all its revenue to buy PUMP from the market.

So far:

• $324M worth of tokens bought back

• ~29% of circulating supply removed

Despite that, PUMP still trades below its ICO price.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

BlackRock’s Staked Ethereum ETF Sees Strong First-Day Trading
BlackRock’s new staked Ethereum ETF recorded over $15.5 million in trading volume on its debut, launching with more than $100 million in assets.

Crypto Whale Loses Nearly $50M in Failed AAVE Swap
A trader attempting to swap $50 million in USDT for AAVE received only about $36,000 worth of tokens due to extreme slippage.

SEC Developing Narrow Exemption for Tokenized Securities
The SEC is preparing a limited regulatory exemption to allow controlled experimentation with tokenized securities while maintaining core investor protections.

HSBC and Standard Chartered Expected to Receive Hong Kong Stablecoin Licenses
Hong Kong regulators may grant the first stablecoin licenses to HSBC and Standard Chartered as part of the city’s push to become a global crypto hub.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

Benjamin Cowen – Bitcoin: The Four Year Cycle Did Not Die (13.03.2026 Summary)

Benjamin Cowen argues that Bitcoin’s four-year cycle is still playing out normally, even though many investors claim it has broken.

Key Points

• Bitcoin topped in Q4 2025, the same timing as previous cycle tops in 2013, 2017, and 2021.

• Measured from cycle bottom to peak, this cycle ended within days of previous ones, showing the pattern still holds.

• The current bear market structure also looks familiar: Bitcoin trends up for months, then quickly drops to new lows.

• In past cycles, Bitcoin often bottoms in February, rallies into March, then falls again later in the year.

• Several indicators that historically mark the final bottom have not triggered yet, suggesting more downside is possible.

• Cowen warns that bullish narratives about institutions and ETFs existed before the recent 50% drop as well.

Final Takeaway
Cowen believes nothing has fundamentally changed. Bitcoin still appears to be following its traditional four-year cycle, and the bear market may not be finished yet.

Altcoin Daily – BlackRock CEO is Warning You… (13.03.2026 Summary)

Altcoin Daily highlights how BlackRock and other institutions are increasingly building around Ethereum as the foundation for tokenized finance.

Key Points

• BlackRock sees Ethereum as key infrastructure for tokenization, with Larry Fink pointing to it as a core financial network.

• The firm now offers Bitcoin and Ethereum ETFs, including a new staked Ethereum ETF that shares about 82% of staking rewards with investors.

• This allows institutions to earn yield from ETH without managing wallets or staking themselves.

• Around 31% of ETH supply is already staked, reducing the amount available to sell.

• If staking keeps rising, it could tighten supply and support ETH’s price.

• Meanwhile, the U.S. Senate passed a bill blocking a Federal Reserve CBDC until 2030, leaving more space for private stablecoins.

Final Takeaway
Altcoin Daily’s message is simple: institutions are building around Ethereum, and growing staking plus tokenization demand could strengthen its long-term role in finance.

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