Crypto Shrugs Off Clarity/Hawkish Fed as Regulatory Progress and Fiscal-Dominance Support a BTC Breakout Above 50W MA - fundstratdirect.com
Crypto Shrugs Off Clarity/Hawkish Fed as Regulatory Progress and Fiscal-Dominance Support a BTC Breakout Above 50W MA - fundstratdirect.com
Source: fundstratdirect.com
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DW NOTE
The Fed hiked into an energy supply shock that has already cut global oil output 6% — the textbook definition of stagflation. Calling a 25bp increase "hawkish" when the Strait of Hormuz has been closed for 205 days and crude is at $96 is either wishful thinking or selective blindness.