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Fed comments, jobless claims, and my crypto watchlist
Powell's recent 'higher for longer' rhetoric certainly puts a damper on some of the more speculative plays. We're seeing a slight pullback in risk-on assets, but nothing catastrophic yet. I'm keeping an eye on projects like $LDO, which is currently holding steady at $0.294, to see if it consolidates or tests lower support in the coming week before any serious entries. The jobless claims print tomorrow will be a key piece of the puzzle for how the market interprets the Fed's conviction.
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I'm still trying to wrap my head around how the Fed's comments directly impact crypto. Is it mostly about investor sentiment shifting away from risk, or are there more direct mechanisms at play that I'm missing?