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🚨 Codelco rises 68% and the BTC hesitates: What does Chilean mining say?
Codelco announced a 68% increase in its first-half profits, despite an 11% drop in its own copper production. The metal’s price remains around US$9,000/t, boosting Chile’s trade balance. My take: this macro rebound should have rekindled interest in BTC, but the coin remains under pressure, suggesting investors are still questioning the resilience of risk. Tomorrow is key: if the peso stabilizes and copper stays strong, BTC could regain momentum. Do you think the mining windfall will lift BTC, or will it follow the bearish trend?
#Codelco #Cobre #MacroChile #CryptoChile #BTC
Not financial advice. Verify before investing.
🚨 Codelco rises 68% and the BTC hesitates: What does Chilean mining say?
Codelco announced a 68% increase in its first-half profits, despite an 11% drop in its own copper production. The metal’s price remains around US$9,000/t, boosting Chile’s trade balance. My take: this macro rebound should have rekindled interest in BTC, but the coin remains under pressure, suggesting investors are still questioning the resilience of risk. Tomorrow is key: if the peso stabilizes and copper stays strong, BTC could regain momentum. Do you think the mining windfall will lift BTC, or will it follow the bearish trend?
#Codelco #Cobre #MacroChile #CryptoChile #BTC
Not financial advice. Verify before investing.
Codelco announced a 68% increase in its first-half profits, despite an 11% drop in its own copper production. The metal’s price remains around US$9,000/t, boosting Chile’s trade balance. My take: this macro rebound should have rekindled interest in BTC, but the coin remains under pressure, suggesting investors are still questioning the resilience of risk. Tomorrow is key: if the peso stabilizes and copper stays strong, BTC could regain momentum. Do you think the mining windfall will lift BTC, or will it follow the bearish trend?
#Codelco #Cobre #MacroChile #CryptoChile #BTC
Not financial advice. Verify before investing.
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