Two Fed officials wanted a hike, and risk assets noticed.
The Fed held at 3.75%–4.00% last week, but two officials favored raising rates. On Friday the Nasdaq fell 2.86% and the semiconductor index dropped 7.2% on AI spending worries (KuCoin daily report).
$BTC is still holding around $78,000 and $ETH near $2,300, so crypto looks more resilient than chips right now. Still, a hawkish Fed plus Friday's jobs report could keep pressure on every risk asset.
My take: crypto is trading as a macro asset this week, not just on Binance headlines.
Which matters more for $BTC this week: the Fed tone or the jobs data? Not financial advice.
#Bitcoin #Fed #Macro #Nasdaq
The Fed held at 3.75%–4.00% last week, but two officials favored raising rates. On Friday the Nasdaq fell 2.86% and the semiconductor index dropped 7.2% on AI spending worries (KuCoin daily report).
$BTC is still holding around $78,000 and $ETH near $2,300, so crypto looks more resilient than chips right now. Still, a hawkish Fed plus Friday's jobs report could keep pressure on every risk asset.
My take: crypto is trading as a macro asset this week, not just on Binance headlines.
Which matters more for $BTC this week: the Fed tone or the jobs data? Not financial advice.
#Bitcoin #Fed #Macro #Nasdaq