Gold is DOWN. Crypto is DOWN
Everyone is crying about BTC $69k
But look at the full picture...
$BTC down -5.3% today
$ETH down -13.0% in 7 days
$BNB down -4.5% today
Gold also down -2.8% to $3,878.
This is not a crypto crash
This is money running to Dollar
Why? US 10-year yield jumped to 5.13%.
When yield goes up, Dollar gets strong
And when Dollar gets strong, Gold and Crypto both take a hit.
US market fell
Nvidia news made it worse. Nvidia fell -4.3% after CEO resigned
Fear is everywhere
I am a small holder from Bangladesh
I have only $7 in BNB
I am not selling I am just watching and learning
Today I learned one thing:
Don't only watch the crypto chart
Watch the Dollar and Gold chart too
If yield stays above 5%, Crypto will stay quiet for a few more days
What are you doing today?
A) Holding Crypto
B) Waiting with cash
C) Buying the dip little by little
Tell me in comments. I read every comment
#GoldVsCrypto #BinanceSquare #CryptoBangladesh #HODL
Everyone is crying about BTC $69k
But look at the full picture...
$BTC down -5.3% today
$ETH down -13.0% in 7 days
$BNB down -4.5% today
Gold also down -2.8% to $3,878.
This is not a crypto crash
This is money running to Dollar
Why? US 10-year yield jumped to 5.13%.
When yield goes up, Dollar gets strong
And when Dollar gets strong, Gold and Crypto both take a hit.
US market fell
Nvidia news made it worse. Nvidia fell -4.3% after CEO resigned
Fear is everywhere
I am a small holder from Bangladesh
I have only $7 in BNB
I am not selling I am just watching and learning
Today I learned one thing:
Don't only watch the crypto chart
Watch the Dollar and Gold chart too
If yield stays above 5%, Crypto will stay quiet for a few more days
What are you doing today?
A) Holding Crypto
B) Waiting with cash
C) Buying the dip little by little
Tell me in comments. I read every comment
#GoldVsCrypto #BinanceSquare #CryptoBangladesh #HODL
