Everything hinges on tonight's Fed decision.
Nasdaq is on track for its sixth consecutive down day. Treasury yields are stuck around 4.6%. Crypto isn't behaving like the hedge people hoped for.
$BTC is grinding near $64K. $ETH is giving back some of July's gains.
Today's price action feels less crypto-driven and more about macro uncertainty. With the Fed decision, Powell's press conference, and Meta + Microsoft earnings all hitting at once, there's zero reason for markets to take risk beforehand.
When macro events dominate like this, short-term crypto price moves matter less than the bigger picture. The real question: what does Powell signal about the path forward? That's what sets the tone for risk assets in the weeks ahead.
Nasdaq is on track for its sixth consecutive down day. Treasury yields are stuck around 4.6%. Crypto isn't behaving like the hedge people hoped for.
$BTC is grinding near $64K. $ETH is giving back some of July's gains.
Today's price action feels less crypto-driven and more about macro uncertainty. With the Fed decision, Powell's press conference, and Meta + Microsoft earnings all hitting at once, there's zero reason for markets to take risk beforehand.
When macro events dominate like this, short-term crypto price moves matter less than the bigger picture. The real question: what does Powell signal about the path forward? That's what sets the tone for risk assets in the weeks ahead.