Asian market opens, and geopolitical tensions are really throwing us for a loop. $BTC and $ETH have taken a pretty harsh dip, mainly due to macro news hitting us hard.
Trump's at it again, saying "we're going to hit Iran very hard," and boom, oil prices shoot up. Brent's up 2.7%, WTI's up 3.5%, and here comes inflation. U.S. CPI skyrockets to 4.2%, hitting a three-year high, and the Fed's probability of a rate cut in July has been sliced from 93.5% to 47.8%. Talk about a plot twist!
Even crazier, Japan might raise rates to 1.0% next week, the first time since 1995! OPEC production has also dropped to its lowest since 2000, what's going on with the supply side?
Strangely enough, in this environment, cryptocurrencies are holding up relatively well; looks like everyone's searching for a safe haven outside of traditional assets. NFA DYOR
#地缘政治 #通胀 #美联储 #日本央行 #crypto market
Trump's at it again, saying "we're going to hit Iran very hard," and boom, oil prices shoot up. Brent's up 2.7%, WTI's up 3.5%, and here comes inflation. U.S. CPI skyrockets to 4.2%, hitting a three-year high, and the Fed's probability of a rate cut in July has been sliced from 93.5% to 47.8%. Talk about a plot twist!
Even crazier, Japan might raise rates to 1.0% next week, the first time since 1995! OPEC production has also dropped to its lowest since 2000, what's going on with the supply side?
Strangely enough, in this environment, cryptocurrencies are holding up relatively well; looks like everyone's searching for a safe haven outside of traditional assets. NFA DYOR
#地缘政治 #通胀 #美联储 #日本央行 #crypto market