Bitcoin

Warmer, drier conditions could raise energy costs for Bitcoin miners reliant on hydroelectric power (e.g., in the Pacific Northwest or China), potentially squeezing margins and reducing hash rate. However, this is a speculative secondary effect months away. The more immediate relevance is that markets are hyper-sensitive to any uncertainty; a benign weather forecast does not change the bearish macro backdrop of rate fears and regulatory overhang.

Long-range summer forecasts indicate warmer and drier conditions than average, as explained by Simon King.