The lid on $BTC into Q3 is the same one that capped all of Q2: the dollar.
With PCE inflation at 4.1% and the Fed leaning toward a hike, the dollar and yields stay firm, and that pulls money out of non-yielding assets.
Crypto can rotate and bounce under that lid, but the big trend turns when the macro does.
Watch the dollar, not just the price.
With PCE inflation at 4.1% and the Fed leaning toward a hike, the dollar and yields stay firm, and that pulls money out of non-yielding assets.
Crypto can rotate and bounce under that lid, but the big trend turns when the macro does.
Watch the dollar, not just the price.