🚨 Market Pulse: The $93K Rejection Hits Hard
The rally hit a wall. Bitcoin got a hard rejection at the $93K level and has sunk back to ~$88K. The "Nvidia pump" has completely evaporated.
The Situation:
· BTC: -4% in hours, back to $88K support.
· ETH: Getting wrecked, dumped under $2,900. Blame FG Nexus (an ETH treasury firm) selling crypto to buy back their own stock, which is down 95% from highs. 😬
Why the Macro Mood Soured:
· Hot jobs data (119K added) killed hopes for a December Fed rate cut.
· Fed officials are now hinting that "high stock prices are a concern." Translation: The easy money party might be over.
Crypto Stock Domino Effect:
· MSTR: -4.7%, hitting a new 52-week low of $178. That's a brutal -62% YTD. 😂
· COIN & CRCL: Also bleeding, down ~4% and ~3.5% respectively.
The Bottom Line: It's the classic crypto script. Nvidia beats earnings → everything rips → 12 hours later, gains are wiped. Rinse and repeat.
The question isn't if there was a pullback, but how long it lasts. Are we chopping until year-end, or is this the start of the real pain?
What's your take?
#Bitcoin #BTC #Ethereum #ETH #MSTR #Macro #Trading #FedWatch #CryptoUpdate
