Analysis
The Surprising Correlation Between BTC and Crude in 2025
BitOil Research·April 12, 2026
Energy and digital scarcity are converging faster than most realize. What the 2025 data says about Bitcoin and crude moving together — and apart.
Bitcoin mining consumes energy. Energy is largely priced in oil and gas. As mining industrializes, the correlation between BTC production cost and crude prices tightens.
We look at rolling 90-day correlations between BTC/USD and WTI front-month contracts and discuss what it means for a future where commodity-backed crypto becomes mainstream.