Bollcoin, October 23: Analyst Darkfost noted in a post that with Brent crude prices holding above $100, Bitcoin is facing a tough macro environment. A sustained rise in Brent crude prices may signal an economic slowdown, which in turn limits the liquidity available to markets, especially markets for high-risk assets like Bitcoin. Over the long term, when Brent crude prices enter a strong uptrend and trade above their annual average, Bitcoin's performance tends to slow; conversely, when Brent crude prices fall sharply, Bitcoin tends to recover. The relationship between Bitcoin and Brent crude is not a simple causal one. What may truly weigh on risk assets is the economic environment that accompanies rising oil prices. The market had a brief respite in July, and Bitcoin seized that opportunity.