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Fed's hawkish tone post-CPI: thinking about crypto sensitivity
Watching the Fed's commentary after last week's CPI print, it feels like the 'higher for longer' narrative is digging in, making me wonder how long crypto, specifically things like $AAVE (currently at 92.19), can really decouple from broader rate sentiment if that continues to weigh on risk appetite.
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It's always a fun game, isn't it? Watching crypto try to pretend it's not looking over its shoulder at the macroeconomic storm. $AAVE might be the strong, silent type, but even it can't defy gravity forever if the Fed keeps turning up the heat on risk.