๐จ Oil sliding hard as Trump waives Russia sanctions. Lower energy costs could ease inflation pressure that's been weighing on risk assets. That's actually bullish for crypto in the long run, not bearish like you'd think. ๐
Macro picture stayed messy though. Total market cap down 2.79% in 24h while $BTC holding steady at $82k. Alt season isn't here yet even with the oil relief. $NEAR and $XMR popping but most things bleeding. ๐ค
I'm watching whether oil stays crushed. If energy stays cheap, Fed has less excuse to keep rates elevated. That's when the real rally starts. Is $BTC dominance at 60.1% a floor or does it crack lower first? โก
Source: Investing.com
Not financial advice. DYOR.
#Bitcoin #CryptoNews
Macro picture stayed messy though. Total market cap down 2.79% in 24h while $BTC holding steady at $82k. Alt season isn't here yet even with the oil relief. $NEAR and $XMR popping but most things bleeding. ๐ค
I'm watching whether oil stays crushed. If energy stays cheap, Fed has less excuse to keep rates elevated. That's when the real rally starts. Is $BTC dominance at 60.1% a floor or does it crack lower first? โก
Source: Investing.com
Not financial advice. DYOR.
#Bitcoin #CryptoNews