đ Stocks Fell, Bitcoin Pumped⊠So Is BTC Finally Doing Its Own Thing? đ While the S&P 500 dropped 0.52% from record-high territory, $BTC basically looked at stocks and said âgood luck with thatâ đ - jumping roughly 2% and pushing above $64K. And now everyone is waiting for the Fed minutes like itâs the season finale nobody actually wants to watch đ
đ S&P 500: -0.52% đą BTC: +~2% đŠ Fed rate: 3.50â3.75% â ïž July vote: 9â3, with THREE members wanting a 25 bps hike đČ September hike odds: ~35% $BTC managed to stay strong while stocks dealt with higher oil, ugly retail sales and long-term Treasury yields at levels not seen since 2007. That doesnât suddenly make Bitcoin a safe haven - one green day isnât a personality transplant đ - but relative strength during bad macro is something I always watch. Now Wednesday is the real test. If the Fed minutes sound hawkish, those 35% hike odds could jump and both crypto + stocks may get slapped. If the tone is softer? BTC already looks like the guy standing near the exit before everyone realizes thereâs a fire drill đ
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