๐ Macroeconomic pressure: Fed expectations and the oil crisis
US Federal Reserve decision: Investors are frozen in anticipation of the evening interest-rate decision. The market is pricing in a huge probability (over 90%) of the first rate hike in a long time due to rising inflation. High rates always weigh on non-income-generating assets such as crypto. [1, 2]
Energy crisis: Due to the shutdown of a major oil pipeline in Saudi Arabia, Brent crude prices jumped to around $108 per barrel. Rising fuel costs are fueling inflation, forcing central banks to act more aggressively
US Federal Reserve decision: Investors are frozen in anticipation of the evening interest-rate decision. The market is pricing in a huge probability (over 90%) of the first rate hike in a long time due to rising inflation. High rates always weigh on non-income-generating assets such as crypto. [1, 2]
Energy crisis: Due to the shutdown of a major oil pipeline in Saudi Arabia, Brent crude prices jumped to around $108 per barrel. Rising fuel costs are fueling inflation, forcing central banks to act more aggressively