Bitcoin steadies above $77K as oil prices retreat from $110, easing inflation fears temporarily.

Bitcoin stabilized above $77,000 after oil prices, which had surged to nearly $110 per barrel, pulled back to around $104. This easing in oil prices reduced inflation concerns and the pressure on interest rates, helping risk assets like Bitcoin and U.S. stocks recover. However, the relief may be short-lived as oil supply disruptions and depleted reserves could trigger another price spike. Investors should watch oil markets closely, as Brent crude remains above $100 and inflation risks persist, keeping Bitcoin's outlook cautious despite the recent bounce.