It’s pretty quiet in the morning Asia session for now, but there’s actually plenty going on in the news.
In the Middle East, the fighting is still ongoing. The Strait of Hormuz is extremely critical, and the U.S. strategic petroleum reserve has fallen to a 40-year low. Under these circumstances, this kind of safe-haven asset—$BTC —should likely benefit.
Ukraine’s move this time is quite bold: it used British drones to strike deep inside Russia, even hitting oil refineries near Moscow. 600 drones is a sizable operation. With geopolitics like this, the market is definitely going to see volatility.
The tech sector, though, has some good news. Next week, the World Robot Conference and the Seoul AI Summit will both take place. Events like these typically boost interest in related projects.
Next week also has major items like the Fed meeting minutes and earnings reports from Alibaba and Baidu. The market is likely to be busy.
After the U.S. market opens, there should be more reaction. In the Asian session, it’s probably best to observe first. $ETH —keep an eye on it as well, don’t blindly chase. $BTC
#Web3 #Crypto #地缘政治 #AI #MarketUpdate
NFA DYOR
In the Middle East, the fighting is still ongoing. The Strait of Hormuz is extremely critical, and the U.S. strategic petroleum reserve has fallen to a 40-year low. Under these circumstances, this kind of safe-haven asset—$BTC —should likely benefit.
Ukraine’s move this time is quite bold: it used British drones to strike deep inside Russia, even hitting oil refineries near Moscow. 600 drones is a sizable operation. With geopolitics like this, the market is definitely going to see volatility.
The tech sector, though, has some good news. Next week, the World Robot Conference and the Seoul AI Summit will both take place. Events like these typically boost interest in related projects.
Next week also has major items like the Fed meeting minutes and earnings reports from Alibaba and Baidu. The market is likely to be busy.
After the U.S. market opens, there should be more reaction. In the Asian session, it’s probably best to observe first. $ETH —keep an eye on it as well, don’t blindly chase. $BTC
#Web3 #Crypto #地缘政治 #AI #MarketUpdate
NFA DYOR