July 9 Market Briefing. Iran Escalation Gets Worse GPT-Live Comes Out. Cftc Chair Wants CLARITY Act Before August 7
There are five big things happening today that will affect how you invest for the rest of the week. I will explain each one.
1️⃣ What is going on with the US and Iran. US Attacks Iran Port in Hormozgan Gets Hit
The situation between the US and Iran is getting worse. The US military attacked Iran again. A port in Hormozgan province got hit. This is a deal because the port is near the Strait of Hormuz which is a very important place for oil to pass through. Two people. Two got hurt in the attack.
The attack on the Hormozgan port is very important. This is not an attack on some military buildings. It is an attack on a port that is used to move oil. With no tankers moving through the Strait of Hormuz after the last attack the damage to the port will make it even harder for oil to get through.
The US President said that the ceasefire is over and that talking to Iran is a waste of time. Irans military has already responded with attacks on US bases in Bahrain and Kuwait. The situation is getting worse and worse.
For people who invest in oil it is clear that prices will go up and be very volatile until there is a ceasefire or until people find other ways to get oil. For people who invest in crypto it means that prices might go up because oil prices are going up which means inflation might go up which means the Federal Reserve might raise interest rates.
2️⃣ What is happening in the markets. BTC is at $62,178. Eth is at $1,740 Both Down 2%
BTC is still at $62,178, which is down 2% from yesterday. ETH is also down 2%. Is at $1,740. Both of these prices are still higher than they were week.
Two weeks ago when there was an attack on Iran BTC prices went down by almost 10%. Today they only went down by 2%. This means that people who invest in BTC are not as surprised by the attack as they were time.
The Fear and Greed Index is going back up which means people are getting scared again. We need to watch what happens to Bitcoin ETFs to see if big investors are getting out of the market.
SK Hynix is going to start trading on the Nasdaq tomorrow, which's a big deal. It will be interesting to see how it does with all the tension between the US and Iran.
3️⃣ What's new in AI. OpenAI Launches GPT-Live Full-Duplex Voice Model
OpenAI just came out with a new voice model called GPT-Live. It can. Talk at the same time, which is a big deal. This means that AI can have conversations that feel more natural.
This is going to be big for people who use AI for customer service, translation and other things. It will make AI feel like a human.
For people who invest in AI this is a sign. It means that AI is getting better and better which means more people will want to use it. This will be good for companies that make the parts that AI needs to work like Micron and SK Hynix.
4️⃣ What is happening in finance. Bernstein Says Storage Chip Bull Market Will Last Until 2027
Bernstein just said that the bull market for storage chips will last until 2027.. They also said that the prices of these chips will not go up as fast as they have been.
This means that people who invest in storage chips can still make money. They need to be more careful about which companies they invest in. Companies that make high-end chips like SK Hynix will do better than companies that make chips.
The timing of this is interesting because SK Hynix is going to start trading on the Nasdaq tomorrow. Bernstein is basically saying that the bull market is still on. People need to be more careful about how they invest.
5️⃣ What is happening with regulations. CFTC Chair Wants CLARITY Act Before August 7
The head of the CFTC just said that they want the CLARITY Act to pass before August 7. This is a deal because it would give the CFTC more power to regulate crypto markets.
The CFTC Chair is saying that they are ready to start regulating crypto markets. They need Congress to pass the law first. There are still some disagreements about the law. If it passes it could be big for crypto prices.
If the law does not pass crypto prices might not go up much.. If it does pass it could make crypto markets more stable and attractive to investors.
Which of these five things will affect your investments the most. The attack on the Iran port the price of BTC the new GPT-Live model Bernsteins report on storage chips or the CFTC Chairs demand, for the CLARITY Act?
#GateSquare #Bitcoin #MacroCrypto @Gate_Square@Gate News
There are five big things happening today that will affect how you invest for the rest of the week. I will explain each one.
1️⃣ What is going on with the US and Iran. US Attacks Iran Port in Hormozgan Gets Hit
The situation between the US and Iran is getting worse. The US military attacked Iran again. A port in Hormozgan province got hit. This is a deal because the port is near the Strait of Hormuz which is a very important place for oil to pass through. Two people. Two got hurt in the attack.
The attack on the Hormozgan port is very important. This is not an attack on some military buildings. It is an attack on a port that is used to move oil. With no tankers moving through the Strait of Hormuz after the last attack the damage to the port will make it even harder for oil to get through.
The US President said that the ceasefire is over and that talking to Iran is a waste of time. Irans military has already responded with attacks on US bases in Bahrain and Kuwait. The situation is getting worse and worse.
For people who invest in oil it is clear that prices will go up and be very volatile until there is a ceasefire or until people find other ways to get oil. For people who invest in crypto it means that prices might go up because oil prices are going up which means inflation might go up which means the Federal Reserve might raise interest rates.
2️⃣ What is happening in the markets. BTC is at $62,178. Eth is at $1,740 Both Down 2%
BTC is still at $62,178, which is down 2% from yesterday. ETH is also down 2%. Is at $1,740. Both of these prices are still higher than they were week.
Two weeks ago when there was an attack on Iran BTC prices went down by almost 10%. Today they only went down by 2%. This means that people who invest in BTC are not as surprised by the attack as they were time.
The Fear and Greed Index is going back up which means people are getting scared again. We need to watch what happens to Bitcoin ETFs to see if big investors are getting out of the market.
SK Hynix is going to start trading on the Nasdaq tomorrow, which's a big deal. It will be interesting to see how it does with all the tension between the US and Iran.
3️⃣ What's new in AI. OpenAI Launches GPT-Live Full-Duplex Voice Model
OpenAI just came out with a new voice model called GPT-Live. It can. Talk at the same time, which is a big deal. This means that AI can have conversations that feel more natural.
This is going to be big for people who use AI for customer service, translation and other things. It will make AI feel like a human.
For people who invest in AI this is a sign. It means that AI is getting better and better which means more people will want to use it. This will be good for companies that make the parts that AI needs to work like Micron and SK Hynix.
4️⃣ What is happening in finance. Bernstein Says Storage Chip Bull Market Will Last Until 2027
Bernstein just said that the bull market for storage chips will last until 2027.. They also said that the prices of these chips will not go up as fast as they have been.
This means that people who invest in storage chips can still make money. They need to be more careful about which companies they invest in. Companies that make high-end chips like SK Hynix will do better than companies that make chips.
The timing of this is interesting because SK Hynix is going to start trading on the Nasdaq tomorrow. Bernstein is basically saying that the bull market is still on. People need to be more careful about how they invest.
5️⃣ What is happening with regulations. CFTC Chair Wants CLARITY Act Before August 7
The head of the CFTC just said that they want the CLARITY Act to pass before August 7. This is a deal because it would give the CFTC more power to regulate crypto markets.
The CFTC Chair is saying that they are ready to start regulating crypto markets. They need Congress to pass the law first. There are still some disagreements about the law. If it passes it could be big for crypto prices.
If the law does not pass crypto prices might not go up much.. If it does pass it could make crypto markets more stable and attractive to investors.
Which of these five things will affect your investments the most. The attack on the Iran port the price of BTC the new GPT-Live model Bernsteins report on storage chips or the CFTC Chairs demand, for the CLARITY Act?
#GateSquare #Bitcoin #MacroCrypto @Gate_Square@Gate News
