🚹 THE FED MAY NOT BE DONE HIKING — AND RISK ASSETS ARE FEELING IT.

Bitcoin sold off sharply, Nasdaq weakened, but the bigger warning is the U.S. 10Y yield near 5.1%, around levels not seen since 2007.

The pressure is coming from three directions:
Hot U.S. data → Fed stays hawkish
Oil ($CL ) above $100 → inflation fears rise
More rate hikes → stronger dollar + higher yields

đŸ’„That’s a tough mix for BTC, tech stocks ($NVDA ) and gold ($XAU ).

The trigger is simple:
Hot CPI + no Iran deal → hike odds stay high → risk-off continues.
Cooler CPI + oil drops + diplomacy improves → yields could ease and risk assets rebound.

For now, the market is trading one question:
Is October another rate hike
 or the final macro scare before the next recovery? 👀

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