Bitcoin falls below $78,000; on Monday during intraday trading it was at $78,007.1. Hawkish remarks from the Fed reignited expectations for rate hikes.
On the same day, the U.S. military carried out an airstrike on Iran’s Larak Island. Brent crude rose 5% to break above $90, more than 100,000 traders in the crypto market were liquidated, and the VIX volatility index rose 5% before the market open.
Liquidity is being drained from both the interest-rate side and the geopolitical side, and risk assets are getting hit together.
After $78,000 is lost, at the next whole-number level, the bulls have to pay out of their own pockets to defend it.
On the same day, the U.S. military carried out an airstrike on Iran’s Larak Island. Brent crude rose 5% to break above $90, more than 100,000 traders in the crypto market were liquidated, and the VIX volatility index rose 5% before the market open.
Liquidity is being drained from both the interest-rate side and the geopolitical side, and risk assets are getting hit together.
After $78,000 is lost, at the next whole-number level, the bulls have to pay out of their own pockets to defend it.