DefiPlaybook
$SOL $BNB $BTC
Bloodbath.
Bitcoin leads the plunge, crashing down to $86,100. Why?
The answer is simple - in a high interest rate environment, the cost of holding cryptocurrencies is too high. Smart money begins to play defense, retail investors start to panic, and funds flee the scene at the first opportunity. This is the true reaction of the market.
But more deadly is this:
The employment report for September is the only official employment data that the Federal Reserve can obtain before the monetary policy meeting in December.
What does this mean? It means that for the entire next month, th
Bloodbath.
Bitcoin leads the plunge, crashing down to $86,100. Why?
The answer is simple - in a high interest rate environment, the cost of holding cryptocurrencies is too high. Smart money begins to play defense, retail investors start to panic, and funds flee the scene at the first opportunity. This is the true reaction of the market.
But more deadly is this:
The employment report for September is the only official employment data that the Federal Reserve can obtain before the monetary policy meeting in December.
What does this mean? It means that for the entire next month, th
BTC-2.48%

