Bitcoin didn't blink at the Fed hike. In 2022 it got…
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Bitcoin didn't blink at the Fed hike. In 2022 it got demolished by the same move.
In 2022, rate hikes cracked crypto fast and hard. This week, Bitcoin absorbed a quarter-point hike with almost no reaction. That gap deserves attention.
The legislative piece is the part people are underweighting. US lawmakers advancing a bill to 𝐥𝐨𝐜𝐤 𝐭𝐡𝐞 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐫𝐞𝐬𝐞𝐫𝐯𝐞 𝐢𝐧𝐭𝐨 𝐥𝐚𝐰 means this stops being an executive order that the next administration can quietly reverse. That's a different risk profile than anything crypto has had before.
Ethereum up 𝟐𝟔% and Solana up nearly 30% over the past month suggests the market started repricing well before the Fed decision. The hike landed on a crypto market that had already made its move 📈.
#cryptocurrency
In 2022, rate hikes cracked crypto fast and hard. This week, Bitcoin absorbed a quarter-point hike with almost no reaction. That gap deserves attention.
The legislative piece is the part people are underweighting. US lawmakers advancing a bill to 𝐥𝐨𝐜𝐤 𝐭𝐡𝐞 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐫𝐞𝐬𝐞𝐫𝐯𝐞 𝐢𝐧𝐭𝐨 𝐥𝐚𝐰 means this stops being an executive order that the next administration can quietly reverse. That's a different risk profile than anything crypto has had before.
Ethereum up 𝟐𝟔% and Solana up nearly 30% over the past month suggests the market started repricing well before the Fed decision. The hike landed on a crypto market that had already made its move 📈.
#cryptocurrency
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