The Middle East is blowing up again. An oil tanker in Oman was hit, the U.S. is doing an "economic D-day" against Iran, and Morgan Stanley says crude oil in Q4 could reach $100.
In times like this, risk-off sentiment is definitely going to rise. Although $BTC is touted as digital gold, in the short term, funds are likely to first rush into oil and gold. But if things really get chaotic, crypto can also catch some of the heat.
Also, there’s news that the U.S. Treasury plans to use money from the TGA account for debt repurchases—if they actually do that, liquidity would loosen again. Trump also said he wants to push Canadian auto and steel tariffs up to 50%; another trade war is back.
What’s the crypto crowd still messing around with? Wait for the FOMC? Or wait for a big event to light the fuse?
#Crypto #Bitcoin #Trading #Macro #Market
NFA DYOR
In times like this, risk-off sentiment is definitely going to rise. Although $BTC is touted as digital gold, in the short term, funds are likely to first rush into oil and gold. But if things really get chaotic, crypto can also catch some of the heat.
Also, there’s news that the U.S. Treasury plans to use money from the TGA account for debt repurchases—if they actually do that, liquidity would loosen again. Trump also said he wants to push Canadian auto and steel tariffs up to 50%; another trade war is back.
What’s the crypto crowd still messing around with? Wait for the FOMC? Or wait for a big event to light the fuse?
#Crypto #Bitcoin #Trading #Macro #Market
NFA DYOR