First precious metals like gold and silver surged to record highs, sucking capital away from the crypto market. And now oil's starting to surge too, threatening to skew macroeconomic forces in favor of bitcoin bears. The latest oil price upswing comes as the Fed grapples with fresh inflation worries. In other words, the Fed sees no rush to cut rates, and rising oil could firm up its stance against quick liquidity easing. Fears of Trump striking Iran, a major oil producer, plus shrinking U.S. inventories are pushing oil prices higher.