The situation in the Middle East has exploded again. On the Strait of Hormuz front, the conflict has escalated, and the US has already imposed new sanctions on Iran. Oil prices have jumped straight to $79—so this risk-off sentiment is likely to continue.
$BTC seems like another safe-haven asset that’s about to rise again; whenever geopolitical tensions flare up, large funds tend to hide in cryptocurrencies. Interactive Brokers—i.e., IBKR, the US’s fourth-largest brokerage—has just announced support for more crypto token trading. This suggests that more institutions are entering the market.
As for the broader market, SK Hynix surged 27%, and a super cycle in the chip sector may be on the way. AI-related tokens are also worth keeping an eye on. IBM, on the other hand, fell 25%; its earnings missed expectations and it’s now under investigation. Even traditional tech companies are tough to compete in these days.
Now during the Asia session, Asian capital may still be watching from the sidelines, but once the European and US sessions open, I expect more moves. Personally, I’m still mainly holding $BTC and $ETH , and I’ll trade some swings in other positions depending on the situation.
#Bitcoin #Crypto #避险 # institutional entry
NFA DYOR
$BTC seems like another safe-haven asset that’s about to rise again; whenever geopolitical tensions flare up, large funds tend to hide in cryptocurrencies. Interactive Brokers—i.e., IBKR, the US’s fourth-largest brokerage—has just announced support for more crypto token trading. This suggests that more institutions are entering the market.
As for the broader market, SK Hynix surged 27%, and a super cycle in the chip sector may be on the way. AI-related tokens are also worth keeping an eye on. IBM, on the other hand, fell 25%; its earnings missed expectations and it’s now under investigation. Even traditional tech companies are tough to compete in these days.
Now during the Asia session, Asian capital may still be watching from the sidelines, but once the European and US sessions open, I expect more moves. Personally, I’m still mainly holding $BTC and $ETH , and I’ll trade some swings in other positions depending on the situation.
#Bitcoin #Crypto #避险 # institutional entry
NFA DYOR