This week's crypto setup comes down to two US decisions. $BTC is at $78,038, +1.6% today; $ETH is at $2,520, +1.4%.
Tuesday's procedural vote needs 60 votes to move the CLARITY Act toward Senate floor debate. On Wednesday, the Fed is widely expected to raise rates by 25 basis points, and traders have already reduced risk ahead of both events (per Cointelegraph).
I think progress on crypto rules could lift sentiment, but a rate hike may pull the other way. So tbh, im watching the reaction, not just the headlines, plus whether spot participation improves after being absent from Bitcoin's recent upside. My read: mixed catalysts make the first move hard to trust.
Bullish or bearish on this? I'm leaning neutral for now.
Not advice. DYOR, always.
Tuesday's procedural vote needs 60 votes to move the CLARITY Act toward Senate floor debate. On Wednesday, the Fed is widely expected to raise rates by 25 basis points, and traders have already reduced risk ahead of both events (per Cointelegraph).
I think progress on crypto rules could lift sentiment, but a rate hike may pull the other way. So tbh, im watching the reaction, not just the headlines, plus whether spot participation improves after being absent from Bitcoin's recent upside. My read: mixed catalysts make the first move hard to trust.
Bullish or bearish on this? I'm leaning neutral for now.
Not advice. DYOR, always.
