Yesterday I was thrilled to report that crypto received quite the pump from the Fed. Sadly, prices have since retreated. Nonetheless, it’s clear to me that Ethereum and Bitcoin are technically still in a potentially supported value zone.
Previously I noted the spread between the two but we are now testing the top of a potential breakout range.
If I had one horse to back, it’ll be Ethereum rather than Bitcoin. Thank me later.
With bonds and equities moving in lockstep and traditional hedges faltering, markets are trading headline-to-headline on Iran while Bitcoin’s resilience above $70K reflects cautious positioning in a regime where geopolitics, not fundamentals, is setting the pace.
Bitcoin recovered to $71,500 amid US-Iran tensions that rattled broader markets, but a surge in liquidations earlier and rising rate-hike expectations are clouding the outlook.
Why Morgan Stanley's MSBT signals institutional crypto has finally arrived
Bitcoin’s drop from $76K tracks a broader macro repricing—hawkish Fed signals, rising oil, and sticky inflation—but the absence of leverage-driven excess and steady spot demand suggest the pullback is structural, not terminal.
With bonds and equities moving in lockstep and traditional hedges faltering, markets are trading headline-to-headline on Iran while Bitcoin’s resilience above $70K reflects cautious positioning in a regime where geopolitics, not fundamentals, is setting the pace.
The XRP Ledger and RLUSD stablecoin will be used to test conditional payment release tied to shipment verification
Five exchanges have now launched around-the-clock equity derivatives products in as many weeks, as crypto platforms compete to become the always-on alternative to traditional stock markets
Hedge funds can now trade event contracts using crypto collateral they already hold — without touching a retail platform
