Oil is rising, the Fed is dragging its feet — how is this hitting our wallet and crypto? 🤔
The market is shaking again. A jump in oil prices is stoking inflation, while the U.S. Fed is in no rush to cut rates. As a result, miners and projects are seeing higher costs (OPEX), and they’re forced to liquidate part of their reserves just to pay the bills. Here’s your pressure on the order book.
While big capital waits for the news, retail is having fun with sh*tcoins and meme tokens, chasing quick profits.
Now is not the time to go all-in. Keep some stablecoins on hand for possible dumps and don’t take unnecessary risks.
Are you on the sidelines right now, or buying alts? Write in the comments! 👇
#FOMC #CryptoMarket #BinanceSquare #Trading
The market is shaking again. A jump in oil prices is stoking inflation, while the U.S. Fed is in no rush to cut rates. As a result, miners and projects are seeing higher costs (OPEX), and they’re forced to liquidate part of their reserves just to pay the bills. Here’s your pressure on the order book.
While big capital waits for the news, retail is having fun with sh*tcoins and meme tokens, chasing quick profits.
Now is not the time to go all-in. Keep some stablecoins on hand for possible dumps and don’t take unnecessary risks.
Are you on the sidelines right now, or buying alts? Write in the comments! 👇
#FOMC #CryptoMarket #BinanceSquare #Trading