The Strait of Hormuz has struck again—an oil tanker was attacked, and this isn’t the first time. Oil prices have already surged above $90, and Goldman even warned that if the blockade continues, it could push above $120. Gold has also risen to around $4,080.
This is a complicated signal for $BTC . Geopolitical tensions usually benefit safe-haven assets, but inflation returning could also make the Fed hesitate to cut rates too soon. In the past two weeks alone, nearly 100 U.S. soldiers have been injured in the Iran war, and the situation is far from over.
$ETH and $SOL —these L1s—still have to read the market’s mood. Risk assets right now are walking a tightrope. In the short term, it may keep churning in a range, but at this level of geopolitical conflict, the correlation between traditional safe-haven assets and crypto is going to get increasingly interesting.
Personally, I think don’t rush to bet on a direction—wait until the trend becomes clear.
#Bitcoin #Crypto #Macro #Oil #Geopolitics
NFA DYOR
This is a complicated signal for $BTC . Geopolitical tensions usually benefit safe-haven assets, but inflation returning could also make the Fed hesitate to cut rates too soon. In the past two weeks alone, nearly 100 U.S. soldiers have been injured in the Iran war, and the situation is far from over.
$ETH and $SOL —these L1s—still have to read the market’s mood. Risk assets right now are walking a tightrope. In the short term, it may keep churning in a range, but at this level of geopolitical conflict, the correlation between traditional safe-haven assets and crypto is going to get increasingly interesting.
Personally, I think don’t rush to bet on a direction—wait until the trend becomes clear.
#Bitcoin #Crypto #Macro #Oil #Geopolitics
NFA DYOR