Daiwa Securities: Japan's Q3 economic growth is expected to be weak, but this is unlikely to prevent the central bank from raising rates
When macro news spills over into crypto, I look at it in two steps:
First: the news is bearish, so sentiment is likely to weaken.
Then: I check whether U.S. stocks and $BTC are reacting in sync. A synchronized reaction means the market is pricing in the macro news; if they move differently, crypto-specific flows matter more.
$BTC is currently at 68866.94, down 6.38% in 24 hours.
When macro news spills over into crypto, I look at it in two steps:
First: the news is bearish, so sentiment is likely to weaken.
Then: I check whether U.S. stocks and $BTC are reacting in sync. A synchronized reaction means the market is pricing in the macro news; if they move differently, crypto-specific flows matter more.
$BTC is currently at 68866.94, down 6.38% in 24 hours.