The US and Israel have reportedly reached an agreement, and the Strait is open. Every time these agreements are announced, it typically pumps the crypto prices, and this time is no exception. However, with the crucial interest rate decision on June 18, this agreement feels more like the US couldn't handle rising oil prices, leading to inflation. High inflation will directly impact the US's interest rate cut policies.
Trump's administration pushed for a weak dollar policy. This is evident from the overall rise in US stocks this year, with the whole world passively following suit. Currency devaluation is the trend moving forward, with gold and stock markets on the rise and more trillion-dollar companies emerging.
However, the crypto market hasn't seen significant gains. The root cause lies in the shrinking market size, as investors have shifted to other markets where there are better and more diverse products available. So, despite a temporary price pump due to the agreement, the overall trend remains bearish. After the rate decision, we can expect a drop as the market seeks a bottom. Only after establishing a solid bottom will the crypto space be able to trend upwards. $BTC #BTC #ETH
Trump's administration pushed for a weak dollar policy. This is evident from the overall rise in US stocks this year, with the whole world passively following suit. Currency devaluation is the trend moving forward, with gold and stock markets on the rise and more trillion-dollar companies emerging.
However, the crypto market hasn't seen significant gains. The root cause lies in the shrinking market size, as investors have shifted to other markets where there are better and more diverse products available. So, despite a temporary price pump due to the agreement, the overall trend remains bearish. After the rate decision, we can expect a drop as the market seeks a bottom. Only after establishing a solid bottom will the crypto space be able to trend upwards. $BTC #BTC #ETH