Oil prices took a nosedive today as Brent crude futures closed at $63.76 per barrel—a sharp drop of $2.76, or 4.15%. The pullback reflects ongoing market headwinds and shifting energy dynamics. For crypto traders keeping tabs on macroeconomic trends, crude price movements matter more than most realize. Falling oil prices typically signal softer inflation expectations, which can influence central bank policy and liquidity conditions across all asset classes. When energy costs ease, it ripples through the broader economy and eventually finds its way into risk sentiment in crypto markets.