Abstract
In the changing circumstances and the conflict between Russia and Ukraine, International crude oil prices rose sharply in the short term. This study will review the existing literature on the reason for the fluctuation of international crude oil prices and the dynamic change of Bitcoin, Tether, and Ethereum. This paper will also empirically evaluate the impact of fluctuation of international crude oil prices on the yield of electronic cryptocurrency. This research finds that the increase of futures crude oil prices will have a positive impact on the yield of electronic cryptocurrency, but this impact is short-term. Additionally, the growth of crude oil prices will not lead to the increase in the daily volatility of electronic cryptocurrency.