đ Late-Night Recap | Oil Prices Rattle the World, $BTC Briefly Falls Below 84K
Geopolitics was tonightâs main focus: Iranâs Revolutionary Guard announced it would âsoonâ block the âillegal shipping lanesâ in the Strait of Hormuz. There have been as many as 9 tanker attacks this month, sending oil prices soaring. $BTC briefly fell below $84,000âthe level analysts had marked as the bearsâ takeover point. The dollar and U.S. Treasuries strengthened in tandem, with 10-year and 30-year Treasury yields climbing to their highest levels since 2002.
UBS raised its oil price forecasts accordingly: Brent at $100 and WTI at $96 by year-end. Safe-haven funds clearly flowed into gold: World Gold Council data shows gold ETFs attracted a record $31 billion in the third quarter.
But there were bright spots amid the gloom: Winklevoss submitted an S-1 filing to the SEC for a spot $ZEC ETF, with plans to list it on Nasdaq; $INJ scored three positive developments in one week: a Robinhood listing, a staking ETF application, and 3 billion on-chain transactions.
Macroeconomic pressure versus cryptoâs institutionalizationâthe tug-of-war between bulls and bears continues. If youâre holding positions late into the night, manage your exposure carefully.
NFA | DYOR
#ćŻçšĺ¸ #BTC #ĺ ĺŻč´§ĺ¸ #ZEC #Geopolitics
Geopolitics was tonightâs main focus: Iranâs Revolutionary Guard announced it would âsoonâ block the âillegal shipping lanesâ in the Strait of Hormuz. There have been as many as 9 tanker attacks this month, sending oil prices soaring. $BTC briefly fell below $84,000âthe level analysts had marked as the bearsâ takeover point. The dollar and U.S. Treasuries strengthened in tandem, with 10-year and 30-year Treasury yields climbing to their highest levels since 2002.
UBS raised its oil price forecasts accordingly: Brent at $100 and WTI at $96 by year-end. Safe-haven funds clearly flowed into gold: World Gold Council data shows gold ETFs attracted a record $31 billion in the third quarter.
But there were bright spots amid the gloom: Winklevoss submitted an S-1 filing to the SEC for a spot $ZEC ETF, with plans to list it on Nasdaq; $INJ scored three positive developments in one week: a Robinhood listing, a staking ETF application, and 3 billion on-chain transactions.
Macroeconomic pressure versus cryptoâs institutionalizationâthe tug-of-war between bulls and bears continues. If youâre holding positions late into the night, manage your exposure carefully.
NFA | DYOR
#ćŻçšĺ¸ #BTC #ĺ ĺŻč´§ĺ¸ #ZEC #Geopolitics