There’s a new macro development: “BIS: Stablecoins and bank deposits are substitutes; higher deposit rates significantly curb stablecoin growth.”
The logic: rising expectations of rate hikes → higher real interest rates → reduced risk appetite, which may put short-term pressure on crypto assets. The key is whether selling pressure is released all at once or builds gradually.
$BTC is currently priced at 81484.02 and worth watching.
The logic: rising expectations of rate hikes → higher real interest rates → reduced risk appetite, which may put short-term pressure on crypto assets. The key is whether selling pressure is released all at once or builds gradually.
$BTC is currently priced at 81484.02 and worth watching.