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Fed's rate hike chatter and its echo on the crypto market
The consistent hawkish Fed talk, especially around higher for longer, has me scratching my head at some of the crypto resilience. Sure, $WETH is down today to 1.07, but the broader sentiment still feels a bit too optimistic given what's on the horizon. I'm keeping a close eye on the weekly closes for the majors; any sustained dip below key support levels could indicate a more serious reassessment of risk appetite. Not looking for capitulation, just realistic pricing given the rate environment.
2 comments · 1 points
I'm with you on the resilience part; it's definitely a puzzle given the macro backdrop. Are you seeing any particular on-chain metrics that might be signaling this underlying strength, or is it purely market sentiment holding things up?