BTC fell below 84K, and the Strait of Hormuz is taking the blame.
Iran has recently ramped up attacks on oil tankers. Since September 28, at least 12 ships have been hit, sending oil prices sharply higher. The EIA raised its 2026 Brent forecast to $98, with the Q4 average projected at $105. The G7 is also getting nervous, announcing it will release up to 100 million barrels from reserves over the next four months to bring prices down. $BTC is getting battered alongside oil prices and the dollar. It broke below 84K just like that, and the short-term outlook is genuinely ugly.
But here’s the dark humor: Iraq was forced to devalue the dinar by 13% to stay afloat, while China’s central bank has bought gold for 23 straight months, adding another 23 tonnes in September. Fiat currencies are this fragile in the face of conflict, and yet BTC—the narrative crypto bros have shouted about eight hundred times—was the first to hit the deck. Infuriating, isn’t it?
On the other hand, $ZEC gave me a surprise. The Winklevoss twins filed an application with the SEC for a spot ETF to be listed on Nasdaq under the ticker WINK. I honestly never expected privacy coins to get this far.
The Fed’s September minutes are also due tonight. Nonfarm payrolls came in much weaker than expected, and the market is pricing in an 83% chance of no rate hike in October. With the macro picture this messy, keep your positions light and stay alive—don’t buy the dip halfway down.
NFA DYOR
#BTC #ZEC #比特币 #宏观经济 #Cryptocurrency
Iran has recently ramped up attacks on oil tankers. Since September 28, at least 12 ships have been hit, sending oil prices sharply higher. The EIA raised its 2026 Brent forecast to $98, with the Q4 average projected at $105. The G7 is also getting nervous, announcing it will release up to 100 million barrels from reserves over the next four months to bring prices down. $BTC is getting battered alongside oil prices and the dollar. It broke below 84K just like that, and the short-term outlook is genuinely ugly.
But here’s the dark humor: Iraq was forced to devalue the dinar by 13% to stay afloat, while China’s central bank has bought gold for 23 straight months, adding another 23 tonnes in September. Fiat currencies are this fragile in the face of conflict, and yet BTC—the narrative crypto bros have shouted about eight hundred times—was the first to hit the deck. Infuriating, isn’t it?
On the other hand, $ZEC gave me a surprise. The Winklevoss twins filed an application with the SEC for a spot ETF to be listed on Nasdaq under the ticker WINK. I honestly never expected privacy coins to get this far.
The Fed’s September minutes are also due tonight. Nonfarm payrolls came in much weaker than expected, and the market is pricing in an 83% chance of no rate hike in October. With the macro picture this messy, keep your positions light and stay alive—don’t buy the dip halfway down.
NFA DYOR
#BTC #ZEC #比特币 #宏观经济 #Cryptocurrency