SMFG CEO: Bank of Japan may raise rates twice to 1.75% by next summer
When macro news feeds into the crypto market, I usually look at it in two steps:
First: If the data is weak, sentiment will cool.
Second: Did traditional markets and $BTC react as well? If they move in sync, it means the macro picture is being priced in; if not, it means crypto-specific flows are more dominant.
$BTC is currently at 68,520, down 6.96% over the past 24 hours.
When macro news feeds into the crypto market, I usually look at it in two steps:
First: If the data is weak, sentiment will cool.
Second: Did traditional markets and $BTC react as well? If they move in sync, it means the macro picture is being priced in; if not, it means crypto-specific flows are more dominant.
$BTC is currently at 68,520, down 6.96% over the past 24 hours.
