🚨 Crypto just got hit with a double macro shock.
First, the U.S. Senate failed to advance the CLARITY Act, falling short of the 60 votes needed to move the landmark crypto framework forward. That immediately revived concerns around regulatory uncertainty for the industry.
Now comes the second risk.
August core CPI rose 0.3% MoM, and markets are pricing roughly a 90% chance of a 25bp Fed hike this week.
One hike may already be priced in.
But if Powell signals that this is the start of a longer tightening cycle, crypto could face pressure from both sides:
⚠️ Regulatory uncertainty
📈 Higher Treasury yields
💵 Stronger dollar
📉 Tighter liquidity
The bigger question isn’t whether the Fed hikes.
It’s whether this becomes one-and-done… or hike #1 of several.
For BTC and altcoins, that distinction could decide the next major move. 👀
$AKE $SYN $XAU
#fedratewatch #USSenateBlocksClarityAct #ClarityActOddsHalveOnPolymarket #EthereumFallsBelow$2400 #BitcoinSlidesTo$76000
First, the U.S. Senate failed to advance the CLARITY Act, falling short of the 60 votes needed to move the landmark crypto framework forward. That immediately revived concerns around regulatory uncertainty for the industry.
Now comes the second risk.
August core CPI rose 0.3% MoM, and markets are pricing roughly a 90% chance of a 25bp Fed hike this week.
One hike may already be priced in.
But if Powell signals that this is the start of a longer tightening cycle, crypto could face pressure from both sides:
⚠️ Regulatory uncertainty
📈 Higher Treasury yields
💵 Stronger dollar
📉 Tighter liquidity
The bigger question isn’t whether the Fed hikes.
It’s whether this becomes one-and-done… or hike #1 of several.
For BTC and altcoins, that distinction could decide the next major move. 👀
$AKE $SYN $XAU
#fedratewatch #USSenateBlocksClarityAct #ClarityActOddsHalveOnPolymarket #EthereumFallsBelow$2400 #BitcoinSlidesTo$76000
