Cryptocurrency prices have surged as concerns about a potential oil supply shock have decreased across global markets. The International Energy Agency (IEA) announced it would hold an extraordinary meeting of its member countries to consider releasing emergency oil reserves. Bitcoin BTC reached $71,500 for the first time since Thursday, before easing back to $71.300, up 3.2% over the past 24 hours. The broad market CoinDesk 20 Index also saw gains. Most crypto-related stocks also saw a rise, with Stablecoin issuer Circle (CRCL) up 6%, and digital asset infrastructure firm BitGo (BTGO) up over 8%. Since Nigel Farage's announcement as a member of U.K. bitcoin treasury firm Stack BTC (STAK) has surged more than 200%. However, a weakening correlation with the software stock ETF (IGV) could signal bitcoin trading more independently during macro uncertainty.