Catalyst #2 of 5: FOMC Minutes, released today ๐จ
BTC's down 2.88% this week, below $84,100 after $555.6M liquidated as the 10Y yield hit a 24-year high of 5.31%.
October hike odds at just 17% โ markets positioned for dovish. Hawkish surprise extends the pain; dovish confirmation could spark a bounce.
Counter-signal: Robinhood added $25M in Bitcoin to its balance sheet today anyway.
Left this week: jobless claims (Thu), Michigan inflation (Fri).
$BTC $ETH
#fomc #bitcoin #CryptoMarket
BTC's down 2.88% this week, below $84,100 after $555.6M liquidated as the 10Y yield hit a 24-year high of 5.31%.
October hike odds at just 17% โ markets positioned for dovish. Hawkish surprise extends the pain; dovish confirmation could spark a bounce.
Counter-signal: Robinhood added $25M in Bitcoin to its balance sheet today anyway.
Left this week: jobless claims (Thu), Michigan inflation (Fri).
$BTC $ETH
#fomc #bitcoin #CryptoMarket