Double whammy incoming:


1. Fed Chair Powell's final dance turns hawkish, removing the statement about rate cuts this year, raising inflation expectations, and effectively locking in no rate cuts
2. The long-term confrontation between the US and Iran escalates, oil sanctions push oil prices higher, adding to inflationary pressures
The results are very real:
• WTI crude oil breaks $102
• BTC drops below $76,000, plunging 300 points
• Fear and Greed Index falls to 31 (fear zone)
Stagflation + safe-haven double whammy, market volatility will only become more intense moving forward.
#Fed #US-Iran situation #BTC #Crypto
BTC-2.36%
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