Good morning. The Asian session just opened. There were quite a few developments overnight, so I’ll pick out the key points.
$BTC has climbed back above 80,000. This time, it’s supposedly driven by the so-called “CFTC impact.” The Fed has only just hiked rates two days ago, and the market is already using real money to cast its vote. With geopolitics in this kind of shape, capital is actually treating crypto as a hedge tool—this logic I understand, and it likely won’t be easy to break down in the short term.
Trump has just signed a sanctions bill targeting Russia and Iran. China and India buying Russian oil may still get hit with tariffs; Iran’s war has already burned $45.1 billion, and there are also whispers of restarting large-scale airstrikes. Once oil prices surge, U.S. gasoline year-over-year in August is up 27%—inflation can’t be held back at all. In this playbook of fiat currency depreciation, $BTC is basically getting a tailwind.
Altcoins have something tangible too: an ETF amendment submitted by 21Shares for $INJ has advanced again. The target is Nasdaq, and it even includes staking yield. A long-established chain riding the ETF narrative is something to watch—just don’t get carried away.
In this market, direction comes second; position management is the lifeline.
NFA, DYOR
#BTC #比特币 #加密货币 #INJ #geopolitics
$BTC has climbed back above 80,000. This time, it’s supposedly driven by the so-called “CFTC impact.” The Fed has only just hiked rates two days ago, and the market is already using real money to cast its vote. With geopolitics in this kind of shape, capital is actually treating crypto as a hedge tool—this logic I understand, and it likely won’t be easy to break down in the short term.
Trump has just signed a sanctions bill targeting Russia and Iran. China and India buying Russian oil may still get hit with tariffs; Iran’s war has already burned $45.1 billion, and there are also whispers of restarting large-scale airstrikes. Once oil prices surge, U.S. gasoline year-over-year in August is up 27%—inflation can’t be held back at all. In this playbook of fiat currency depreciation, $BTC is basically getting a tailwind.
Altcoins have something tangible too: an ETF amendment submitted by 21Shares for $INJ has advanced again. The target is Nasdaq, and it even includes staking yield. A long-established chain riding the ETF narrative is something to watch—just don’t get carried away.
In this market, direction comes second; position management is the lifeline.
NFA, DYOR
#BTC #比特币 #加密货币 #INJ #geopolitics