Oil prices broke $100, gold plummeted 4%, yet BTC fell even harder—just touched $83,000.
On the Iran side, they rejected the proposal to reopen the Strait of Hormuz. Trump talks about “winning the war very soon,” while Brent jumped straight above $108. Once the Middle East powder keg lit up, global risk assets got hit across the board—gold wasn’t spared either, and silver dropped nearly 6% in a single day.
A bit ironic: in this risk-off move, $BTC didn’t follow the “digital gold” script at all. Instead, it was sold off right alongside U.S. stocks. $ETH and a slew of altcoins even gave back all of Friday’s rebound. Friends who claimed they were ready to bottom-fish should probably be quiet now.
Here’s my take: before the geopolitical conflict is actually resolved, don’t rush in to catch falling knives. The China–U.S. $30-billion tax-cut framework is a rare piece of good news, but it does little for repairing market sentiment. Only once there’s clarity on Hormuz should capital be more likely to flow back into the crypto market.
Hold your hands, save your bullets.
NFA DYOR
#BTC #比特币 #地缘政治 #加密货币 #ETH
On the Iran side, they rejected the proposal to reopen the Strait of Hormuz. Trump talks about “winning the war very soon,” while Brent jumped straight above $108. Once the Middle East powder keg lit up, global risk assets got hit across the board—gold wasn’t spared either, and silver dropped nearly 6% in a single day.
A bit ironic: in this risk-off move, $BTC didn’t follow the “digital gold” script at all. Instead, it was sold off right alongside U.S. stocks. $ETH and a slew of altcoins even gave back all of Friday’s rebound. Friends who claimed they were ready to bottom-fish should probably be quiet now.
Here’s my take: before the geopolitical conflict is actually resolved, don’t rush in to catch falling knives. The China–U.S. $30-billion tax-cut framework is a rare piece of good news, but it does little for repairing market sentiment. Only once there’s clarity on Hormuz should capital be more likely to flow back into the crypto market.
Hold your hands, save your bullets.
NFA DYOR
#BTC #比特币 #地缘政治 #加密货币 #ETH