Bitcoin gets a 20-day window to see whether energy relief can move the Fed

The G7’s emergency diesel plan has created a near-term test of whether cheaper energy can ease pressure on Bitcoin.Leaders on Oct. 2 agreed to accelerate releases from emergency fuel reserves, including a substantial amount of diesel within 20 days, as governments try to contain shortages and elevated prices that have added to inflation pressures.The group said the International Energy Agency would make 100 million barrels available over four months, beginning immediately. It did not specify how much of the initial release would be diesel or how supplies would be divided among countries.For crypto markets, the significance lies less in the barrels themselves than in whether they can push refined-fuel prices low enough to shift inflation and interest-rate expectations. Bitcoin remains sensitive to changes in Treasury yields, the dollar and broader liquidity conditions after the Federal Reserve raised rates last month.The Sept. 16 increase lifted the Fed’s target range by 25 basis points to 3.75% to 4%, with policymakers again citing elevated inflation. A sustained decline in energy costs could weaken one source of price pressure, though the G7 plan alone gives investors little basis...