During the U.S. session, $BTC briefly fell below $84,000—another casualty of geopolitics.
This week, tanker attacks by Iran in the Strait of Hormuz hit their highest level since the war began, with nine incidents in October alone. The president came right out and warned of “all-out war.” Oil prices took off: UBS raised its year-end Brent forecast to $100, while the EIA went even further, projecting an average of $105 in Q4. Making matters worse, 10- and 30-year U.S. Treasury yields surged to their highest levels since 2002, hammering risk assets across the board. Honestly, $BTC doesn’t pay interest, so with rates this high, it’s at a disadvantage. The drop below $84K isn’t exactly undeserved.
But there’s still some life in the market. $ZEC got the Winklevosses’ backing, and an ETF filing for a Nasdaq listing is in—never thought privacy coins would make it this far. INJ has been quietly making moves: a Robinhood listing, a staking ETF application, and 3 billion transactions—all in one week. Keep an eye on $HYPE , though. The team’s $332 million unlock was just redeemed and landed in their accounts. It’ll probably go OTC to market makers, so don’t blindly catch the falling knife in the short term.
In times like these, capital flees to gold. Gold ETFs attracted a record $31 billion in Q3. For crypto to turn things around, either geopolitical tensions need to cool down or rate-cut expectations need to return. Take your pick.
NFA DYOR
#BTC #HYPE #ZEC #地缘政治 #CryptoMarket
This week, tanker attacks by Iran in the Strait of Hormuz hit their highest level since the war began, with nine incidents in October alone. The president came right out and warned of “all-out war.” Oil prices took off: UBS raised its year-end Brent forecast to $100, while the EIA went even further, projecting an average of $105 in Q4. Making matters worse, 10- and 30-year U.S. Treasury yields surged to their highest levels since 2002, hammering risk assets across the board. Honestly, $BTC doesn’t pay interest, so with rates this high, it’s at a disadvantage. The drop below $84K isn’t exactly undeserved.
But there’s still some life in the market. $ZEC got the Winklevosses’ backing, and an ETF filing for a Nasdaq listing is in—never thought privacy coins would make it this far. INJ has been quietly making moves: a Robinhood listing, a staking ETF application, and 3 billion transactions—all in one week. Keep an eye on $HYPE , though. The team’s $332 million unlock was just redeemed and landed in their accounts. It’ll probably go OTC to market makers, so don’t blindly catch the falling knife in the short term.
In times like these, capital flees to gold. Gold ETFs attracted a record $31 billion in Q3. For crypto to turn things around, either geopolitical tensions need to cool down or rate-cut expectations need to return. Take your pick.
NFA DYOR
#BTC #HYPE #ZEC #地缘政治 #CryptoMarket