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Bi Trader 03
$BTC is hovering around the $63.4K–$64K range, but this isn't just about technical charts.
Markets widely expect the Fed to keep interest rates unchanged at 3.50%–3.75%, meaning financial conditions are likely to remain tight. At the same time, renewed U.S.–Iran tensions have pushed oil prices to around $74.67, raising concerns that inflationary pressures could resurface.
We've seen this playbook before. As geopolitical tensions escalated, Bitcoin dropped from $72K to $63K, while altcoins experienced even steeper losses.
If the Fed maintains a hawkish stance, risk assets could face renewed selling pressure, with altcoins likely to underperform Bitcoin.
For now, crypto is still trading like a risk asset, not a traditional safe haven.
#FedRateDecision #BigTechEarningsNight #SKHynixRecordMiss
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