Wach hawkish debut 🦅 Bitcoin falls below $80,000; miners take the first hit
At its Jackson Hole debut, Wash came out swinging. Inflation hasn’t been firmly brought under control, the 2% target remains unchanged, and the financial environment offers no constraints—it's basically as good as saying more hikes are coming. Bitcoin promptly dropped below $80,000, sliding back to around $79,000. Even worse, the miners: MARA and Riot both fell about 8% in lockstep. In this leg of the market, mining stocks are truly lagging—rebounds don’t get to them, and on pullbacks they take the hardest blow. Yields on short-term U.S. Treasuries jumped, and a September rate hike is once again on the table. Once the $80,000 level was lost, the next question is whether $77,000 can hold.
#比特币 #美联储 #加密市场
At its Jackson Hole debut, Wash came out swinging. Inflation hasn’t been firmly brought under control, the 2% target remains unchanged, and the financial environment offers no constraints—it's basically as good as saying more hikes are coming. Bitcoin promptly dropped below $80,000, sliding back to around $79,000. Even worse, the miners: MARA and Riot both fell about 8% in lockstep. In this leg of the market, mining stocks are truly lagging—rebounds don’t get to them, and on pullbacks they take the hardest blow. Yields on short-term U.S. Treasuries jumped, and a September rate hike is once again on the table. Once the $80,000 level was lost, the next question is whether $77,000 can hold.
#比特币 #美联储 #加密市场