🚨 The Fed put it IN WRITING: another rate hike is coming before year-end… and the U.S. government moved $570M in seized crypto 👀
Today’s minutes confirm higher rates for longer, and the market is feeling it.
▪️ Bitcoin (~83,400): the government moved about $570M in seized crypto—mostly Bitcoin from the 2016 hack and FTX—to an exchange custodian. No sale has been confirmed, but the market is watching. Meanwhile, Wells Fargo is negotiating to offer crypto liquidity: banks keep moving in. It touched 82,800; losing that level could open the door to a further drop.
▪️ Ethereum (~2,575): the company with the largest ETH holdings already owns 4.9% of the total and will stop buying once it reaches 5%. Fewer regular purchases mean less support. Also, a whale with about $100M in leveraged positions faces liquidation near 2,500.
▪️ HYPE (~88): down about 5% along with the market, but usage hasn’t slowed: about $200B traded in 30 days and around 50,000 new wallets per month. Support to watch: 87.
▪️ FET (~0.229): touched 0.222 and bounced, with no negative project news. On Thursday, the White House will announce more than $1B for AI science: the AI narrative is still alive. Reclaiming 0.24 would change the tone.
▪️ AVAX (~11.20): holding up better again (−2%). Tokenized Treasury bonds on its network have quadrupled this year to $545M: real institutional money. Resistance: 12.
High rates punish risk, but the big players keep buying.
Are the big players right, or is another drop coming? 👇
#Bitcoin #ETH #HYPE #FET #AVAX
Today’s minutes confirm higher rates for longer, and the market is feeling it.
▪️ Bitcoin (~83,400): the government moved about $570M in seized crypto—mostly Bitcoin from the 2016 hack and FTX—to an exchange custodian. No sale has been confirmed, but the market is watching. Meanwhile, Wells Fargo is negotiating to offer crypto liquidity: banks keep moving in. It touched 82,800; losing that level could open the door to a further drop.
▪️ Ethereum (~2,575): the company with the largest ETH holdings already owns 4.9% of the total and will stop buying once it reaches 5%. Fewer regular purchases mean less support. Also, a whale with about $100M in leveraged positions faces liquidation near 2,500.
▪️ HYPE (~88): down about 5% along with the market, but usage hasn’t slowed: about $200B traded in 30 days and around 50,000 new wallets per month. Support to watch: 87.
▪️ FET (~0.229): touched 0.222 and bounced, with no negative project news. On Thursday, the White House will announce more than $1B for AI science: the AI narrative is still alive. Reclaiming 0.24 would change the tone.
▪️ AVAX (~11.20): holding up better again (−2%). Tokenized Treasury bonds on its network have quadrupled this year to $545M: real institutional money. Resistance: 12.
High rates punish risk, but the big players keep buying.
Are the big players right, or is another drop coming? 👇
#Bitcoin #ETH #HYPE #FET #AVAX
