Bitcoin

This arrives as global central banks are still fighting sticky inflation, and a weather-driven food/energy price spike could delay rate cuts or force hawkish pivots. Crypto, trading as a high-beta liquidity asset, would likely suffer if real yields rise, but could also attract demand as an inflation hedge if the shock is severe enough.

Federal forecasters announced that the planet could see the strongest El Niño event on record this year.

Forecasters Warn of Record El Niño as Markets Eye Inflation Risk

Super El Niño could trigger a 'hydro-hash' crisis: drought in China and floods in North America may force Bitcoin miners to relocate, reshaping global hashrate distribution.