Last night’s market action was enough to make your blood pressure spike.
$BTC briefly fell below 84,000. The trigger was clear: a tanker was attacked in the Strait of Hormuz, Brent crude surged toward $100, and inflation expectations were immediately reignited. Then the FOMC minutes came out: all 19 officials supported the September rate hike, and most thought another hike would be needed before year-end. Risk assets across the board took a hit.
The funny part is that the minutes specifically mentioned how an AI investment boom could cause demand to outpace supply and worsen inflation. Even the Fed is starting to talk about an AI bubble—a phrase that used to be reserved for Twitter bears.
But there was something interesting on the other side: the SEC just approved an application for a 3x leveraged ETF containing $BTC and $ETH , while the CFTC chair said clear rules for crypto assets would be established whether or not Congress passes legislation. Prices may be falling, but the avenues for getting in keep multiplying.
My take: in the short term, follow oil prices and interest rates. Don’t rush to catch a falling knife. Bulls and bears are battling over the 84k level; there’s no harm in waiting for it to hold before talking about a rebound.
NFA DYOR
#比特币 #美联储 #中东局势 #加密ETF #BTC
$BTC briefly fell below 84,000. The trigger was clear: a tanker was attacked in the Strait of Hormuz, Brent crude surged toward $100, and inflation expectations were immediately reignited. Then the FOMC minutes came out: all 19 officials supported the September rate hike, and most thought another hike would be needed before year-end. Risk assets across the board took a hit.
The funny part is that the minutes specifically mentioned how an AI investment boom could cause demand to outpace supply and worsen inflation. Even the Fed is starting to talk about an AI bubble—a phrase that used to be reserved for Twitter bears.
But there was something interesting on the other side: the SEC just approved an application for a 3x leveraged ETF containing $BTC and $ETH , while the CFTC chair said clear rules for crypto assets would be established whether or not Congress passes legislation. Prices may be falling, but the avenues for getting in keep multiplying.
My take: in the short term, follow oil prices and interest rates. Don’t rush to catch a falling knife. Bulls and bears are battling over the 84k level; there’s no harm in waiting for it to hold before talking about a rebound.
NFA DYOR
#比特币 #美联储 #中东局势 #加密ETF #BTC