The Bitcoin blues!
BTC is languishing at $64,000, unable to break free from its "range-bound prison". And the culprit? The mighty US dollar, making hay while the sun shines (or should I say, while interest rates stay high)! With a 5% interest rate, the fastest hike in history, the dollar is the cool kid on the block, leaving Bitcoin in the dust. It's like trying to get a cat to do tricks without treats - it's just not happening!
The Federal Reserve: "Inflation, you're going down!"
Bitcoin: "Uh, can I get some liquidity up in here?".
But don't worry, folks, the global liquidity cycle is on the up trend, according to the Financial Times.
So, keep on Fighting, Bitcoin - maybe someday you'll be the top dog again!!
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