The cryptocurrency market is having a positive start to the week as Bitcoin surges past $68,000, while Ether trades around $2,000. However, the ongoing crisis in the Middle East continues to affect prices. Ether hit the $2,200 mark on Wednesday but is down by roughly 10% since then. The rising crude oil price is affecting cryptocurrencies and equities, as rising energy costs could push up inflation and reduce the chances of a rate hike in the near term. ETH stays below $2k as oil price spikes above $110 Ether is up by 1% in the last 24 hours and now trades around $2,000 per coin.
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