Good afternoon. Last night, $BTC briefly fell below $84,000. The trigger was clear: Iran attacked an oil tanker, Brent crude neared $100 a barrel, and oil and the dollar surged together. Risk assets across the board took a hit, and $ETH $SOL was no exception.
The FOMC minutes were the real gut punch: all 19 officials supported a 25-basis-point rate hike in September, and most thought there’d be another one before year-end. The 30-year Treasury yield hit 5.70%, its highest level since 2002. Hoping for liquidity injections? Don’t count on it anytime soon.
Still, the structural groundwork hasn’t stopped: the SEC just approved a rule change, and an application for a 3x leveraged ETF for $BTC $ETH has been filed. The CFTC chair said outright that whether Congress passes legislation or not, they’ll set rules for crypto assets all the same. Institutions haven’t slowed down at all in laying the groundwork.
My take: In the short term, markets will follow oil prices. Don’t rush to go all-in on the dip before the macro headwinds have fully played out. But regulation and product infrastructure are accelerating, and this sell-off is putting chips in place for the next cycle. Hold your spot, and keep a tight rein on leverage.
NFA DYOR
#比特币 #美联储 #加密货币 #BTC #Macroeconomics
The FOMC minutes were the real gut punch: all 19 officials supported a 25-basis-point rate hike in September, and most thought there’d be another one before year-end. The 30-year Treasury yield hit 5.70%, its highest level since 2002. Hoping for liquidity injections? Don’t count on it anytime soon.
Still, the structural groundwork hasn’t stopped: the SEC just approved a rule change, and an application for a 3x leveraged ETF for $BTC $ETH has been filed. The CFTC chair said outright that whether Congress passes legislation or not, they’ll set rules for crypto assets all the same. Institutions haven’t slowed down at all in laying the groundwork.
My take: In the short term, markets will follow oil prices. Don’t rush to go all-in on the dip before the macro headwinds have fully played out. But regulation and product infrastructure are accelerating, and this sell-off is putting chips in place for the next cycle. Hold your spot, and keep a tight rein on leverage.
NFA DYOR
#比特币 #美联储 #加密货币 #BTC #Macroeconomics