Posteo
Zeeeshu
Brent is back above $100 and $BTC slipped under $84K.
Let’s analyze this combination rather than the red candle itself.
$BTC fell from ~$86.6K to as low as $83.84K while Brent climbed to ~$101.50 after the latest tanker attacks.
At the same time, the 10Y moved to 5.31% and the dollar strengthened across every G10 currency.
My read is that expensive oil can keep inflation concerns alive, yields make risk capital more expensive, and a stronger dollar adds another headwind.
#DailyOrbit
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Criptos en tendencia
BTC/USDTBitcoin
$82,399+0.00 %
ETH/USDTEthereum
$2,453.43+0.01 %
OKB/USDTOKB
$118.06+0.00 %
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