$BTC is down to $82,957 today and it’s not just about crypto.
here’s what’s going on:
- US Treasury yields hit 5.26%, the highest since 2007. ((people can now earn over 5% from bonds with less risk so many are choosing that instead of riskier assets.))
- Oil is back above $100.
- October rate hike odds are now at 70%.
- Gold and Silver are down too.
People are pulling money out of risky assets today and crypto is one of them.
#BTC Price Analysis# #Macro Insights# #Altcoin Season#
here’s what’s going on:
- US Treasury yields hit 5.26%, the highest since 2007. ((people can now earn over 5% from bonds with less risk so many are choosing that instead of riskier assets.))
- Oil is back above $100.
- October rate hike odds are now at 70%.
- Gold and Silver are down too.
People are pulling money out of risky assets today and crypto is one of them.
#BTC Price Analysis# #Macro Insights# #Altcoin Season#
