The GBP/USD pair loses ground to near 1.3495 during the early Asian session on Tuesday. The British Pound (GBP) softens against the US Dollar (USD) on weak underlying UK data and US-Iran peace deal uncertainty. The US April Personal Consumption Expenditures (PCE) Price Index report will be the highlight later on Thursday.
The US military’s Central Command said late Monday that US forces have carried out strikes on southern Iran in “self-defence.” Fox News reported that two Iranian boats had been spotted laying mines in the Strait of Hormuz, and the US military also responded after a missile site targeted US warplanes.
This action came after US President Donald Trump said earlier Monday that negotiations toward a deal with Iran to end their conflict and reopen the Strait of Hormuz were "proceeding nicely.” Rising tensions in the Middle East could boost a safe-haven currency such as the Greenback in the near term.
Softer UK Retail Sales data and an unexpected rise in the Unemployment Rate to 5.0% have prompted traders to scale back expectations for future Bank of England (BoE) rate hikes by December. This, in turn, could undermine the Cable against the USD.
BoE Policymaker Alan Taylor said that an "extended hold" is likely sufficient, adding that second-round inflationary impacts are less severe than those seen during the 2022 Russia-Ukraine invasion due to a cooling domestic jobs market.
Bitcoin steht vor kritischem psychologischen Widerstand
In der Diskussion wurde die $100.000 Bitcoin-Marke als kritische narrative Schwelle für die Zukunft identifiziert. Markteilnehmer betrachteten diese Preiszone als psychologisch wichtig, um breitere Optimismus wiederherzustellen. Historisch folgte auf nachhaltige Bitcoin-Ausbruchstrukturen in früheren Zyklen ein stärkerer Altcoin-Momentum. Technisch gesehen zeigte Bitcoin weiterhin instabile Erholungsmuster im Vergleich zur aggressiven Trendfortsetzung des Nasdaq. Der Aktienindex hielt höhere Hochs, während Bitcoin kürzlich wiederholt Volatilitätsspitzen erlebte. Dieser Kontrast verstärkte die breitere Marktdivergenz, die digitale Assets betrifft.
KI-Kapitalausgaben: Die Dimensionen sind jenseits der Vorstellungskraft
Die Daten von Morgan Stanley zeigen einen erstaunlichen Sprung in den Zahlen, der den Markt schockiert hat.
Vor nur einem Jahr prognostizierte die Bank, dass die gesamten Kapitalausgaben großer US-Hyperscale-Cloud-Unternehmen im Jahr 2026 bei $433 Milliarden liegen würden. Jetzt wurde diese Zahl auf $805 Milliarden revidiert – fast eine Verdopplung.
Noch erstaunlicher ist, dass diese Zahl weiter steigt: Sie wird voraussichtlich $1,1 Billionen im Jahr 2027 und fast $1,3 Billionen im Jahr 2028 erreichen.
Vertikal verglichen, liegen die Capex von 2026 etwa doppelt so hoch wie die von 2025 und dreimal so hoch wie die von 2024.
Besonders auffällig ist, dass diese Beschleunigung vor dem Hintergrund steigender Kosten stattfindet. Von Kupfer und Gasturbinen bis hin zu Speicherchips haben starke Preiserhöhungen für wichtige Komponenten die Marktbegeisterung für KI in keiner Weise verringert.
Morgan Stanley glaubt, dass die aktuelle globale Wirtschaft von einer Form der "Unelastizität" der Nachfrage dominiert wird, die Preise, Zinssätze und Geopolitik ignoriert, wobei der absolut zentrale Treiber der Bau von KI-Infrastruktur ist.
Am 26. Mai hat der neueste Halbjahresausblick von Morgan Stanley eine zentrale Logik enthüllt, die die globale makroökonomische Landschaft umgestalten könnte: KI-Investitionen in Infrastruktur zeigen seltene Merkmale der "Nachfrageunelastizität" – egal wie sehr die Kupferpreise, Gasturbinen oder die Preise für Speicherchips in die Höhe schießen und unabhängig von den Finanzierungskosten, steigen die Investitionen der Tech-Giganten nicht nur nicht, sondern wachsen sogar in einem beschleunigten Tempo.
Das bedeutet, dass die globale makroökonomische Logik neu definiert wird – der KI-Wahn führt nicht nur zu einer signifikanten Anhebung der Erwartungen an das US-Wirtschaftswachstum und die Unternehmensgewinne, sondern bewirkt auch, dass die Tech-Giganten bei hohen Kredit- und Hardwarekosten keine Hemmungen zeigen. Diese Art von strategischen Ausgaben, die "Kosten egal" ist, kombiniert mit der soliden Konsumnachfrage aus amerikanischen Haushalten, deutet direkt auf drei zentrale Investitionsstrategien hin:
Hier ist, was du am Montag, den 25. Mai wissen musst:
Risikoflüsse dominieren das Geschehen auf den Finanzmärkten zu Beginn der Woche, da die neuesten Schlagzeilen darauf hindeuten, dass die Vereinigten Staaten (US) und der Iran ein Abkommen zur Wiedereröffnung der Straße von Hormuz anstreben. Der Wirtschaftskalender wird am Montag keine hochwirksamen Datenveröffentlichungen enthalten, und die Aktien- und Anleihemärkte in den USA bleiben zum Gedenken an den Memorial Day geschlossen. Laut einem US-Offiziellen berichtete Axios am späten Samstag, dass die USA und der Iran kurz davor stehen, ein Abkommen zu unterzeichnen, das eine 60-tägige Waffenstillstandsverlängerung beinhaltet, während die Straße von Hormuz wieder geöffnet werden würde. In diesem Deal würde der Iran angeblich Minen räumen, die er in der Wasserstraße platziert hat, und den Schiffen erlauben, frei zu passieren, im Austausch dafür, dass die USA ihre Blockade an iranischen Häfen aufheben.
Petrodollar-Analyse: Der bullishe Lauf des Yuan gegen den Dollar
Ein genauer Blick auf das wöchentliche CNY/USD-Chart zeigt die unbestreitbare Stärke des Renminbi im vergangenen Jahr. Nach einem zyklischen Tief Ende 2024 nahe 0.1365 trat CNY/USD in einen kraftvollen, gut definierten Aufwärtstrend ein.
Technische Highlights des CNY/USD-Wochencharts:
Aktueller Preis: 0.1473 (3-Jahres-Hoch)
Gleitender Durchschnitt (MA) Kreuz: 9-Perioden MA (0.1466) liegt stark über dem 21-Perioden MA (0.1454)
RSI (14): Liegt bei 76.19 (Überkauftes Territorium, was auf intensiven Kaufdruck hinweist)
Der 9-wöchige gleitende Durchschnitt hat während dieses Rallies konstant als dynamische Unterstützung fungiert, was die anhaltenden institutionellen Kapitalzuflüsse in die chinesische Währung bestätigt. Allerdings, da der Relative Strength Index (RSI) tief in das überkaufte Territorium bei 76.19 vordringt, bleibt eine kurzfristige Konsolidierungsphase um diese Mehrjahreshochs sehr wahrscheinlich, bevor der nächste Move nach oben kommt.
Petrodollar-Analyse: Der bullishe Lauf des Yuan gegenüber dem Dollar
Ein genauer Blick auf das wöchentliche CNY/USD-Chart zeigt die unbestreitbare Stärke des Renminbi im vergangenen Jahr. Nach einem zyklischen Tief Ende 2024 nahe 0.1365 trat CNY/USD in einen kraftvollen, gut definierten aufsteigenden Kanal ein.
Technische Highlights des CNY/USD-Wochencharts:
Aktueller Preis: 0.1473 (3-Jahres-Hoch)
Gleitender Durchschnitt (MA) Kreuzung: 9-Perioden MA (0.1466) liegt stark über dem 21-Perioden MA (0.1454)
RSI (14): Sitzt bei 76.19 (Überkauftes Territorium, was auf intensiven Kaufdruck hinweist)
Der 9-Wochen gleitende Durchschnitt hat während dieses Anstiegs konstant als dynamische Unterstützung fungiert und bestätigt damit die anhaltenden institutionellen Kapitalzuflüsse in die chinesische Währung. Allerdings, mit dem Relative Strength Index (RSI), der tief ins überkaufte Territorium bei 76.19 vordringt, bleibt eine kurzfristige Konsolidierungsphase um diese Mehrjahreshochstände sehr wahrscheinlich, bevor die nächste Aufwärtsbewegung kommt.
The traditional petrodollar system is facing its most significant structural challenge in half a century, but it is not collapsing overnight. The displacement of the dollar in Iranian energy settlements represents a localized erosion of greenback hegemony rather than an immediate liquidation of the global reserve currency.
While the US dollar remains the dominant medium for international trade and liquid treasury markets, bilateral trade networks operating outside of the SWIFT system are expanding. Investors are closely monitoring how this monetary fragmentation will redirect global liquidity—and whether it will ultimately serve as a massive macro catalyst for decentralized digital assets.
Der chinesische Yuan erreicht ein 3-Jahres-Hoch angesichts der Iran-Ölgeschäfte, während die Bedrohung des Petrodollars intensiver wird cryptoticker.io 11 m
Der chinesische Yuan (CNY/USD) hat ein neues Drei-Jahres-Hoch gegen den US-Dollar erreicht und steigt stetig in Richtung der 0.1473-Marke. Diese anhaltende Währungsaufwertung erfolgt vor dem Hintergrund intensiver geopolitischer Spannungen und bedeutender struktureller Veränderungen im globalen Energiemarkt – insbesondere Berichten zufolge hat der Iran die Abwicklung seiner Rohölexporte in der chinesischen Währung beschleunigt, um westliche Finanznetzwerke zu umgehen.
Da der strategische Engpass der Straße von Hormuz aufgrund des anhaltenden regionalen Konflikts erhebliche Angebotsunterbrechungen in der Energiegeschichte erlebt, verwandelt sich das lange debattierte Auftauchen des "Petroyuan" rasch von einem theoretischen Konzept in eine aktive Marktrealität, was deutliche technische Spuren auf den Devisen-Charts hinterlässt.
Shiba Inu Weekly Chart Analysis: Bearish Trend Nearing Its End
 thecryptobasic.com 14 m

Shiba Inu has taken another leg down on the weekly chart to test a major support region after spending months hovering near historic lows.
Notably, this Shiba Inu ($SHIB ) trend is within a contrasting descending triangle that has suppressed price action since the 2021 peak. While conditions remain bearish, the recent setup suggests that the prolonged correction phase may be nearing its end.
Key Points
Shiba Inu is within a contrasting descending triangle that has suppressed price action since the 2021 peak.
$SHIB has taken another leg lower on the weekly chart, testing a major support region.
One of the more important signals on the chart is the repeated defense of the current support area.
Shiba Inu recently completed an ABC corrective wave amid the ongoing downtrend.
Analysis points to a possible recovery scenario if buyers can regain momentum and push $SHIB higher.
Shiba Inu Wochenchart Analyse: Bärischer Trend nähert sich seinem Ende
Shiba Inu hat auf dem Wochenchart einen weiteren Bein nach unten gemacht, um eine wichtige Unterstützungsregion zu testen, nachdem es monatelang in der Nähe historischer Tiefststände geschwebt hat.
Bemerkenswerterweise befindet sich dieser Shiba Inu ($SHIB ) Trend innerhalb eines kontrastierenden absteigenden Dreiecks, das die Preisbewegung seit dem Höchststand von 2021 unterdrückt hat. Während die Bedingungen bärisch bleiben, deutet das aktuelle Setup darauf hin, dass die langanhaltende Korrekturphase sich ihrem Ende nähert.
Wichtige Punkte
Shiba Inu befindet sich innerhalb eines kontrastierenden absteigenden Dreiecks, das die Preisbewegung seit dem Höchststand von 2021 unterdrückt hat.
$SHIB hat auf dem Wochenchart einen weiteren Bein nach unten gemacht und testet eine wichtige Unterstützungsregion.
Eines der wichtigeren Signale auf dem Chart ist die wiederholte Verteidigung des aktuellen Unterstützungsbereichs.
Shiba Inu hat kürzlich eine ABC Korrekturwelle während des laufenden Abwärtstrends abgeschlossen.
Die Analyse deutet auf ein mögliches Erholungsszenario hin, wenn Käufer wieder Momentum gewinnen und $SHIB nach oben drücken können. $SHIB #BitcoinBreaksBelow75KAsWarshTakesFedHelm
ERA (Caldera) surged rapidly from a low of $0.12495 to a high of $0.17675 in the past 24 hours, before retracing to the current $0.17241, with an overall amplitude of 41.5%. According to CoinMarketCap real-time data, the 24-hour trading volume is around $9.43 million, market capitalization is about $22.13 million, with a circulating supply of 148.5 million tokens (total supply 1 billion). This level of volatility is significantly higher than most mainstream tokens, highlighting a typical feature of high volatility in small-cap tokens. Analysis of Abnormal Price Movements - No verifiable major direct driving events identified in the past 24 hours: Public market searches and mainstream news outlets (including CoinMarketCap News section) did not find any official announcements from Caldera, major partnerships, notable on-chain whale transfers, or exchange listings to act as catalysts. - Driven primarily by market liquidity and speculative factors: As a mid- to small-cap token with a market capitalization of around $22 million, ERA's 24-hour trading volume-to-market cap ratio is high (about 42%), making it easily influenced by short-term capital inflows and outflows. The rapid price surge from the low of $0.12495 matches the typical pattern driven by speculative buying in low liquidity environments, and there is no corroborating evidence from public on-chain monitoring or capital movements to support a specific event. - Contextual comparison: The previous ATH was $2.00 (July 2025). The current price remains close to historical lows, with no new project developments announced recently to explain the current price swing. Market Opinions and Outlook Discussion on community and mainstream platforms is limited, with no widespread sentiment surge or specific analyst forecasts. Some traders attribute this type of volatility to the inherent risks of small-cap tokens and warn that high volatility may be accompanied by rapid pullbacks. The overall market outlook for ERA remains cautious, with suggestions to focus on actual project adoption and liquidity changes rather than short-term price movements. $ERA $BTC
- No verifiable major direct driving events identified in the past 24 hours: Public market searches and mainstream news outlets (including CoinMarketCap News section) did not find any official announcements from Caldera, major partnerships, notable on-chain whale transfers, or exchange listings to act as catalysts.
- Driven primarily by market liquidity and speculative factors: As a mid- to small-cap token with a market capitalization of around $22 million, ERA's 24-hour trading volume-to-market cap ratio is high (about 42%), making it easily influenced by short-term capital inflows and outflows. The rapid price surge from the low of $0.12495 matches the typical pattern driven by speculative buying in low liquidity environments, and there is no corroborating evidence from public on-chain monitoring or capital movements to support a specific event.
- Contextual comparison: The previous ATH was $2.00 (July 2025). The current price remains close to historical lows, with no new project developments announced recently to explain the current price swing.
XRP-Angebot zieht sich zusammen, da ETF-Zuflüsse steigen – Kann es die 1,50 $ durchbrechen?
Zcash (ZEC) malt fallenden Stern, während die Dynamik nachlässt, Toncoin (TON) steht vor einer bullishen Grenze, Shiba Inu (SHIB) Preis-Reset steht kurz bevor: Krypto-Marktanalyse
Eine Bitcoin-Treasury-Firma hat einen Arzt im Team, aber warum?
Keyrock-Bericht: 76% der AI-Agenten-Transaktionen liegen unter Vias 0,30 $ Gebührenuntergrenze
Die Zukunft von Ethereum skizzieren, während Leverage unter schwacher Nachfragesituation aufgebaut wird
Bitcoin-Preis könnte auf 72.500 $ fallen, bevor die nächste Erholung kommt – Hier ist der Grund
Brent Crude Tumbles Below $99 as Trump Signals US-Iran Deal, Bitcoin Holds Near $77K
Oil markets slid over the Memorial Day weekend as President Trump said a deal to reopen the Strait of Hormuz is “largely negotiated,” pulling Brent crude below $99 while bitcoin held near $77,000 with U.S. stock exchanges shuttered for the holiday. Key Takeaways: Brent crude fell below $99 on May 24 as Trump declared a U.S.-Iran deal “largely negotiated,” targeting the reopening of the Strait of Hormuz.JPMorgan forecasts Brent averaging $60 long-term if tensions ease, with WTI potentially sliding into the $80s on confirmed supply restoration.Bitcoin held near $77,000 through the Memorial Day weekend as crypto markets stayed open while NYSE, CME, and bond markets will be closed on May 25. Trump Signals U.S.-Iran Deal Pushes Brent Crude Below $99 as WTI Eyes $80s Brent crude dropped roughly 4.87% in weekend CFD trading to around $98.87, extending a pullback from Friday’s settlement near $103. The West Texas Intermediate (WTI) July 2026 contract closed Friday at $97.00, up 0.67% on the session, though weekend indications pointed lower. Earlier in May, Brent had traded above $110 on supply fears tied to the U.S.-Iran conflict before retreating sharply each time talks advanced. The Strait of Hormuz remains the pivot point. The waterway carries roughly 20% of global oil trade, and Iranian restrictions alongside U.S. naval actions have cut off more than 10 million barrels per day at peak disruption levels since fighting escalated in late February. Each round of ceasefire signals has knocked prices down by double digits in single sessions. Trump’s weekend statements added weight to bearish sentiment. The president remarked that a deal is close, with terms expected to include a 60-day ceasefire extension, potential sanctions relief, and deferred nuclear talks. Iran has submitted revised proposals, and regional players, including Saudi Arabia and the UAE, are reportedly involved in the process. Sticking points remain around Iranian control of the strait, uranium stockpiles, and concerns raised by Israel. Brent futures. Image source via Tradingview Traders expect a confirmed deal to push WTI toward the $80s. Infrastructure repairs and shipping logistics could delay full supply normalization by weeks or months, but the market is already pricing in restored flow. If talks collapse, the risk premium returns fast. The futures curve reflects the split outlook. Brent contracts for August traded near $99.50, September near $96.00, with further months declining as markets price in eventual normalization. Analysts at JPMorgan have flagged a $60 average for Brent if geopolitical tensions ease and projected surpluses materialize later in 2026. Other forecasters see Q2 averages closer to $90 to $100, given the disruption period. Pakistan-mediated ceasefire rounds earlier this spring triggered some of the steepest single-day price drops of the year. The same pattern is repeating. Deal optimism compresses the risk premium; any breakdown restores it. Traders heading into Tuesday’s session are watching for formal confirmation. Bitcoin held between $76,700 and $77,200 through the weekend with no meaningful breakout in either direction. Crypto markets operate 24 hours a day and remain the only major financial market active during the U.S. holiday. Ethereum and altcoins moved in line with bitcoin, with overall volume thin and momentum flat. At least for now, at 8:30 p.m. ET on Sunday evening. U.S. stock markets, bond markets, and CME energy futures operate under holiday restrictions tomorrow, May 25. Normal trading resumes Tuesday, May 26. That session will absorb any deal developments that emerge over the long weekend. Anything could happen in between that time. Oil’s near-term direction stays event-driven. A confirmed Hormuz reopening flips the supply picture fast. Traders who rode prices above $110 in early May have already seen what deal optimism does on the way down. Bitcoin’s consolidation near $77,000 has held through a period of macro and geopolitical noise. Whether that changes on Tuesday depends largely on what happens in a Strait 7,000 miles away. Per usual, crypto may feel it first. $BTC $ETH
Die Öl-Märkte rutschten über das Memorial Day-Wochenende ab, als Präsident Trump erklärte, dass ein Deal zur Wiedereröffnung der Straße von Hormuz "größtenteils verhandelt" sei, was den Brent-Ölpreis unter 99 $ drückte, während Bitcoin nahe 77.000 $ verharrte, während die US-Börsen wegen des Feiertags geschlossen waren.
Wichtige Erkenntnisse:
Der Brent-Ölpreis fiel am 24. Mai unter 99 $, als Trump einen US-Iran-Deal als "größtenteils verhandelt" deklarierte, mit dem Ziel, die Straße von Hormuz wieder zu öffnen.
JPMorgan prognostiziert, dass der Brent-Preis langfristig im Durchschnitt bei 60 $ liegen wird, wenn sich die Spannungen entspannen, während WTI möglicherweise in die 80er abrutscht, wenn die Wiederherstellung der Lieferungen bestätigt wird.
Bitcoin hielt sich über das Memorial Day-Wochenende nahe 77.000 $, während die Kryptomärkte geöffnet blieben, während die NYSE, CME und Anleihemärkte am 25. Mai geschlossen sein werden.
Dogecoin stalls as market cap nears $73.19 billion target
Dogecoin (DOGE) continues to move in a long-standing consolidation zone on its price charts, with the memecoin hovering near critical resistance levels in both price and market capitalization. Recent analyses suggest that this tightening range, seen frequently across the crypto markets, could precede a significant price move. However, there are no definitive breakout signals for DOGE at this stage. Pennant structure dominates Dogecoin charts Market cap faces tightening squeeze and awaits breakout Pennant structure dominates Dogecoin charts Technical analysis shows Dogecoin trading within an extensive pennant formation following a substantial price rally. In this pattern, each wave brings higher lows and lower highs, gradually compressing into a tighter triangle. Analysts caution that sales tend to increase near the main resistance line, making it difficult for buyers to seize momentum unless a clear breakout occurs above this point. On the flip side, a rising support line has offered DOGE a safety net over the past two years, but losing this support could undermine the current positive setup. By design, the pennant structure restricts market movement more and more, meaning a decisive move out of this formation is expected soon. Still, it remains hard to predict the direction until an actual breakout is seen. If the price breaches the resistance convincingly, a new surge for DOGE could be on the table. Market cap faces tightening squeeze and awaits breakout Dogecoin’s market capitalization charts also paint a picture of compression, with the coin’s value caught in a contracting triangle. The resistance trendline, which has pressured DOGE since its 2021 peak, continues to push downward, while the support line stands as the key barrier against further decline. Experts emphasize that the market cap approaching the apex of this tightening zone signals heightened pressure. Should DOGE break upward, the first target for market value sits at $73.19 billion. Yet, absent a clear breakout, oscillation within the narrowing range is likely to persist for now. If, however, the market cap slips below its support, Dogecoin’s bullish scenario may falter. Both price and market capitalization now hinge on which direction the pennant will break. Observers suggest investors should keep a close watch on how DOGE behaves at these resistance levels. Mini glossary: The pennant formation is a technical pattern in financial markets where the price compresses within a narrowing triangle, often leading up to a major move. This pattern typically signals that a breakout—up or down—could be imminent and decisive for trend direction. A comparative look at the charts highlights the outlook for both DOGE’s price and total market cap, detailing key technical levels that may shape the cryptocurrency’s next moves. The main resistance for the price chart is the ascending blue line, or the tip of the pennant, while the market cap’s resistance is marked by a yellow line, a descending trend set after DOGE’s 2021 high. Main support, on the other hand, appears as an ascending blue line on price charts and a rising purple line on market cap charts. The potential target if a breakout occurs is a new bullish wave for price and $73.19 billion for market cap. So far, no breakout has materialized on either metric. Observers note that DOGE’s current squeeze into this pennant formation has yet to result in any firm breakout, but as the triangle nears completion, a significant move could be imminent. They stress that investors need to closely track both resistance levels and the limits of the pennant pattern for potential direction. Both the price and market capitalization graphs reveal that Dogecoin is running out of room for sideways movement, which could set up a decisive trend reversal or continuation in the coming sessions. The technical pattern underlines a period of calm before a potential storm for DOGE, where price compression often leads to unexpected volatility, either upward or downward. Ultimately, the direction of Dogecoin’s next significant move will likely depend on whether buyers or sellers dominate when the consolidation phase breaks. Until then, tight trading ranges and patient watching will define the outlook for DOGE holders.$
Die jüngsten Gerüchte, dass das PlayStation Network bald XRP, die mit Ripple verbundene Kryptowährung, als Zahlungsmöglichkeit akzeptieren wird, haben sich schnell in den sozialen Medien verbreitet. Eine Überprüfung der verfügbaren Informationen zeigt jedoch, dass diese Behauptungen unbegründet sind und nicht mit den aktuellen Unternehmensrichtlinien übereinstimmen.
Keine offizielle Stellungnahme von Sony XRP passt nicht zur Strategie von Sony Parallele Bewegungen unter den Gaming-Giganten Neues Gleichgewicht zwischen Spielen und Blockchain
Keine offizielle Stellungnahme von Sony
Stand Mai 2024 haben weder die Sony Group, Ripple noch die XRPL Foundation eine Partnerschaft oder Integration in Bezug auf XRP-Zahlungen angekündigt. Sony, mit Hauptsitz in Japan, könnte Web3-Zahlungslösungen erforschen, aber das Unternehmen ist nicht geneigt, Drittanbieter-Kryptowährungen auf seinen Plattformen hinzuzufügen. Das Hauptziel ist die Entwicklung einer proprietären Zahlungsinfrastruktur, die spezifisch auf das eigene Ökosystem ausgerichtet ist.
“A 2008-style disaster” could happen again? Wall Street warns: If this scenario occurs, oil prices m
Commodities markets have issued another warning: if the key oil transport channel—the Hormuz Strait—is not fully reopened by the end of August, the global energy market may face a shock similar to that of 2008. Rapidan Energy Group, founded by former US President George W. Bush’s White House energy advisor Bob McNally, stated in its latest report that if the Hormuz Strait remains “half-closed,” global Brent crude oil supplies will become even tighter, significantly increasing the probability of a “2008-style disaster scenario.” The firm said: “Such a level of demand destruction means spot crude oil prices could double from current levels, triggering serious macro shocks: oil prices rising to $150–$200 per barrel would squeeze household spending, hit energy-intensive industries, impact AI-driven risk assets, and test the highly leveraged credit markets.” "Oil price shocks" have historically been a prelude to recessions The Rapidan team noted that since the 1970s, nearly every major US economic recession was preceded by a sharp increase in real oil prices. However, they emphasized: “An oil price shock alone does not cause a recession, but it can ignite vulnerabilities already present in the market.” Currently, Brent spot crude oil prices remained around $107 per barrel on Friday. Bob McNally stated that after the Middle East conflict broke out, spot Brent prices briefly hit $144. Rapidan expects the actual crude oil price peak this summer to be around $130; but if congestion at the Hormuz Strait persists beyond August, oil prices could further soar to about $175. By comparison, the benchmark “paper crude” traded in financial markets—Brent crude futures—are currently still around $100 per barrel. AI bull market and highly leveraged markets face risks Rapidan argues that the current market risks bear some similarity to the period leading up to the 2007–2008 financial crisis. At that time, skyrocketing oil prices coincided with the real estate bubble, a highly leveraged financial system, and funding pressures, ultimately triggering the global financial crisis. Although the current US banking system is much better capitalized than back then, and the global economy is less reliant on oil, there are still new weak points in the market. The report points out that since 2022, the US stock bull market has largely been driven by tech stocks and enthusiasm for AI investment. Global capital expenditure related to the AI race is expected to exceed $750 billion this year and continue to grow in the coming years. However, the current valuations of AI-related assets are largely based on the assumption of “continued economic growth + a low interest rate environment.” Rapidan warns: “Current AI asset pricing reflects optimistic growth and low interest rate expectations. If central banks are forced to hike rates, it could amplify hidden leverage risks in the non-bank sector.” US Treasury yields surge, adding market pressure Amid rising inflation expectations due to the Iran conflict, US Treasury yields have continued climbing recently. On Friday, the 30-year US Treasury yield neared 5.07%, the highest since 2007; the 10-year Treasury yield climbed to 4.56%, far above the approximately 0.5% level seen during the 2020 pandemic. This means that financing costs for American households, businesses, and the government are all rising. At the same time, the Financial Stability Board (FSB) has issued a warning on the private credit market, which is worth up to $2 trillion. The institution pointed out that this sector has not yet experienced a true severe recession test, and should the economy materially deteriorate, leverage and borrower credit quality issues could be exposed. Rapidan even referred to current risk signals as “cockroaches have emerged,” suggesting that market problems may be gradually surfacing. Rapidan: Baseline scenario remains resumption of transit by July Despite rising risks, Rapidan’s current baseline forecast is that the Hormuz Strait will reopen in July. However, even in this case, global crude oil supplies will still be affected to some extent, with oil prices likely to remain elevated. If Brent crude does rise to $200 per barrel, Rapidan expects US gasoline retail prices could break $6 per gallon. For comparison, in the US, average gasoline prices ahead of Memorial Day and the start of summer driving season are about $4.50 per gallon. Rapidan concluded: “A spike in oil prices will not alone cause a recession, but it can trigger systemic vulnerabilities that already exist.” $BTC $ETH $BNB #BitcoinBreaksBelow75KAsWarshTakesFedHelm