đš BITCOIN JUST LOST $84K â AND THE MACRO PICTURE IS GETTING UGLY
Bitcoin dropped to around $83,840 as tensions around tanker attacks in the Strait of Hormuz pushed Brent crude back above $101 and the U.S. 10-year yield climbed above 5.3%. ïżœ
CoinDesk +1
And here's what makes this move interesting đ
đ BTC: ~$83.8K
đąïž Brent: >$101
đ 10Y Treasury: ~5.31%
đŽ ETH: -3.5%
đŽ DOGE: -5%
đŽ XRP: ~-3%
Meanwhile, the S&P 500 and Nasdaq had just closed at record highs.
Stocks are celebrating.
Crypto is selling.
That's a pretty unusual divergence.
Now everyone is watching one level:
$83K.
A sustained break below it could bring $80K back into focus. ïżœ
CoinDesk
So today's crypto market isn't just about Bitcoin.
It's about geopolitics + oil + yields + the Fed + regulation.
#BTC #defi #BinanceSquare
Bitcoin dropped to around $83,840 as tensions around tanker attacks in the Strait of Hormuz pushed Brent crude back above $101 and the U.S. 10-year yield climbed above 5.3%. ïżœ
CoinDesk +1
And here's what makes this move interesting đ
đ BTC: ~$83.8K
đąïž Brent: >$101
đ 10Y Treasury: ~5.31%
đŽ ETH: -3.5%
đŽ DOGE: -5%
đŽ XRP: ~-3%
Meanwhile, the S&P 500 and Nasdaq had just closed at record highs.
Stocks are celebrating.
Crypto is selling.
That's a pretty unusual divergence.
Now everyone is watching one level:
$83K.
A sustained break below it could bring $80K back into focus. ïżœ
CoinDesk
So today's crypto market isn't just about Bitcoin.
It's about geopolitics + oil + yields + the Fed + regulation.
#BTC #defi #BinanceSquare