European natural gas prices are climbing as market participants worry about potential supply disruptions. At the same time, robust demand from Asia is adding upward pressure on global energy prices. The combination of tightening supply and heightened consumption creates inflationary headwinds that ripple through the broader economy. For crypto investors tracking macroeconomic trends, energy cost inflation is a key variable—it influences everything from mining operations to central bank policy responses. When energy becomes scarcer and costlier, it often reshapes capital flows across asset classes.