Ethereum is also facing the Fed shock and broader market weakness.
But $ETH has another story developing: tokenized real-world assets have grown substantially, with Ethereum remaining a major infrastructure layer for tokenized assets.
🛢️ OIL $107 + YIELDS 5% — SHOULD CRYPTO BE WORRIED? Oil has climbed to around $107, while the 10-year Treasury yield has moved above 5% as inflation concerns and Fed-hike expectations rise.
Normally, that's not a friendly environment for risk assets.
The latest draft includes a proposed stablecoin “circuit breaker” that would give the Treasury secretary authority to temporarily limit certain stablecoin rewards if they cause substantial deposit outflows from community banks.
Ethereum is trading around the $2.5K–$2.6K area, while traders are watching whether the broader crypto rally can continue through the regulatory and Fed catalysts.
🏦 TOMORROW = THE FED Crypto has two huge events almost back-to-back:
🇺🇸 Today: CLARITY Act vote 🏦 Tomorrow: Federal Reserve decision
Markets are currently pricing a high probability of a Fed hike, while oil around $107 and 10-year Treasury yields above 5% are adding inflation pressure.