$BTC fell below 84,000, and the comments were full of despair. But honestly, this isn’t crypto’s fault: Iran attacked oil tankers in the Strait of Hormuz more times this week than at any point since the war began, sending oil prices surging. U.S. stock futures pulled back from their highs, and the 30-year Treasury yield jumped to its highest level since 2002. Risk assets took a beating across the board; Bitcoin just got caught in the crossfire.
UBS also raised its year-end Brent target to $100, while the EIA lifted its forecast too, putting the Q4 average at $105. Gold ETFs attracted a record $31 billion in the third quarter, and central banks are still quietly buying. Money is pouring into inflation hedges.
There’s some good news too: the Winklevoss brothers’ $ZEC ETF has filed with the SEC to list on Nasdaq—privacy coins are even getting some love. INJ has also been showing strength this week, with a Robinhood listing, a staking ETF application, and 3 billion transactions all lining up at once.
Keep an eye on HYPE: the development team, HyperLabs, just redeemed 3.75 million tokens worth $330 million. As usual, they’ll most likely go OTC to market makers, so weigh the potential short-term selling pressure for yourself.
In this macro environment, don’t rush to buy the dip. Wait for the oil-price jitters to die down first.
NFA DYOR
#BTC #比特币 #加密货币 #地缘政治 #HYPE
UBS also raised its year-end Brent target to $100, while the EIA lifted its forecast too, putting the Q4 average at $105. Gold ETFs attracted a record $31 billion in the third quarter, and central banks are still quietly buying. Money is pouring into inflation hedges.
There’s some good news too: the Winklevoss brothers’ $ZEC ETF has filed with the SEC to list on Nasdaq—privacy coins are even getting some love. INJ has also been showing strength this week, with a Robinhood listing, a staking ETF application, and 3 billion transactions all lining up at once.
Keep an eye on HYPE: the development team, HyperLabs, just redeemed 3.75 million tokens worth $330 million. As usual, they’ll most likely go OTC to market makers, so weigh the potential short-term selling pressure for yourself.
In this macro environment, don’t rush to buy the dip. Wait for the oil-price jitters to die down first.
NFA DYOR
#BTC #比特币 #加密货币 #地缘政治 #HYPE