Everything is waiting for tonight’s Fed decision.
The Nasdaq is heading for a sixth straight red session, Treasury yields remain around 4.6%, and crypto isn’t acting as a hedge.
$BTC is hovering near $64K while $ETH is giving back part of July’s strong gains.
To me, today’s price action feels less about crypto-specific narratives and more about macro uncertainty.
Between the Fed, Powell’s comments and earnings from Meta and Microsoft, there’s little incentive for markets to take aggressive risk beforehand.
When macro events dominate the tape like this, how much attention should we really pay to short-term crypto price moves?
The Nasdaq is heading for a sixth straight red session, Treasury yields remain around 4.6%, and crypto isn’t acting as a hedge.
$BTC is hovering near $64K while $ETH is giving back part of July’s strong gains.
To me, today’s price action feels less about crypto-specific narratives and more about macro uncertainty.
Between the Fed, Powell’s comments and earnings from Meta and Microsoft, there’s little incentive for markets to take aggressive risk beforehand.
When macro events dominate the tape like this, how much attention should we really pay to short-term crypto price moves?
