The early-morning UN assembly was a bit explosive. Trump, in front of the whole world, said: Iran either negotiates or gets “flattened.” But then, the U.S. delegation turns around and talks with Iran for the first round since June—throwing punches with one hand while extending an olive branch with the other. This script feels familiar.
The market impact is even more direct: Bank of America has weighed in—if the Strait of Hormuz really gets choked, Brent could be seen at 150 dollars. Diesel prices have already hit a historic high. Trump even went as far as calling for a ban on diesel exports to rein in inflation—bold, to say the least.
Does this have anything to do with crypto? It does—more than you’d think. Oil prices = inflation expectations = the pace of rate cuts. $BTC is now increasingly moving in lockstep with U.S. stocks. When the Nasdaq hit a new high, it didn’t really follow; $ETH , meanwhile, is basically staying put. The funds clearly look like they’re waiting and watching. My personal take: this geopolitical “fire” has already reached the energy front, and short-term volatility will only get bigger. In today’s Asia session, odds are it’s likely to trade in a broad range. Don’t rush to go all-in—save your bullets and wait for a pullback.
NFA DYOR
#BTC #比特币 #以太坊 #宏观 #geopolitics
The market impact is even more direct: Bank of America has weighed in—if the Strait of Hormuz really gets choked, Brent could be seen at 150 dollars. Diesel prices have already hit a historic high. Trump even went as far as calling for a ban on diesel exports to rein in inflation—bold, to say the least.
Does this have anything to do with crypto? It does—more than you’d think. Oil prices = inflation expectations = the pace of rate cuts. $BTC is now increasingly moving in lockstep with U.S. stocks. When the Nasdaq hit a new high, it didn’t really follow; $ETH , meanwhile, is basically staying put. The funds clearly look like they’re waiting and watching. My personal take: this geopolitical “fire” has already reached the energy front, and short-term volatility will only get bigger. In today’s Asia session, odds are it’s likely to trade in a broad range. Don’t rush to go all-in—save your bullets and wait for a pullback.
NFA DYOR
#BTC #比特币 #以太坊 #宏观 #geopolitics