Bitcoin

This is not an isolated UK event—it reflects a global energy price spiral from geopolitical conflict, which tightens financial conditions worldwide. For crypto, higher energy costs directly raise mining operational expenses and reduce disposable income for retail investors, while indirectly strengthening the USD and weakening GBP-denominated demand. The market is already pricing in a prolonged period of elevated energy costs, which historically correlates with suppressed crypto valuations.

UK energy price cap set to jump 13% in summer 2025 due to war in Iran driving up wholesale gas and power costs.