🚨🚨🚨BREAKING🚨🚨🚨
The crypto rebound now depends on Warsh.
Bitcoin begins the week of Jackson Hole near $80,000 after a 28% jump in August.
Greed for cryptocurrencies has hit 74/100, its highest level in nearly 11 months.
The rally began when the Treasury’s bond buyback pushed yields and the dollar lower.
After that, more than $4 billion in short positions in crypto were liquidated, accelerating the surge.
Reports that the Treasury could tap its nearly $1 trillion cash reserve boosted expectations for liquidity.
The PCE inflation and GDP reports will be released on Wednesday, marking the first big test for the rally.
The main event will take place on Friday, when Federal Reserve President Kevin Warsh delivers his first speech at Jackson Hole.
A moderate message could spark euphoria, while a restrictive surprise could turn greed into fear.
Billions depend on Warsh now.
The crypto rebound now depends on Warsh.
Bitcoin begins the week of Jackson Hole near $80,000 after a 28% jump in August.
Greed for cryptocurrencies has hit 74/100, its highest level in nearly 11 months.
The rally began when the Treasury’s bond buyback pushed yields and the dollar lower.
After that, more than $4 billion in short positions in crypto were liquidated, accelerating the surge.
Reports that the Treasury could tap its nearly $1 trillion cash reserve boosted expectations for liquidity.
The PCE inflation and GDP reports will be released on Wednesday, marking the first big test for the rally.
The main event will take place on Friday, when Federal Reserve President Kevin Warsh delivers his first speech at Jackson Hole.
A moderate message could spark euphoria, while a restrictive surprise could turn greed into fear.
Billions depend on Warsh now.
