Hawkish Fed pushes the dollar to 101.4, gold gets beaten badly, and BTC is still hovering around 60,000—honestly, this doesn’t count as weak.
At the June FOMC, nine out of the nine commissioners called for rate hikes. Goldman Sachs says there’s a 50% chance of a hike in July. But the rate-hike expectations have already been priced in over the past two weeks. BTC bounced from 58.5K to 60K—on the day of an actual hike, it will most likely be a sell-the-news situation.
Ethereum -5.5% killed risk appetite, but SOL is still up slightly by 0.9%—the on-chain ecosystem is the first batch to bounce back.
The fear index is 33. At this level, historically buying BTC for a 3-month hold has a win rate over 70%.
What do you think?
At the June FOMC, nine out of the nine commissioners called for rate hikes. Goldman Sachs says there’s a 50% chance of a hike in July. But the rate-hike expectations have already been priced in over the past two weeks. BTC bounced from 58.5K to 60K—on the day of an actual hike, it will most likely be a sell-the-news situation.
Ethereum -5.5% killed risk appetite, but SOL is still up slightly by 0.9%—the on-chain ecosystem is the first batch to bounce back.
The fear index is 33. At this level, historically buying BTC for a 3-month hold has a win rate over 70%.
What do you think?