S&P500 is falling faster than Bitcoin
Hi trading bros,
In last 24 hours we saw:
Bitcoin -1.5%
S&P 500 -3.3%
Nasdaq -4.5%
And all of them keep falling!
You may be wondering what is the matter to compare those very different instruments.
S&P 500 is a collection of the strongest and most valuable US companies. It is like a diamond.
When Bitcoin is a bubble without any real value. The balloon with euphoria gas inside.
However, it's not all that univalent.
In the real world, it appears that the diamond is falling faster than a balloon when the gravity kicks in.
Yesterday we have realized that very clearly.
The FED's head Jerome Powell with his speech has turned the economic gravity switch on.
The great blind captain can see the inflation at last!
And can say a scary R-word now! Recession!
Wow! What a brave man!
In general, crypto looks more positive than the securities now.
Which of course doesn't mean crypto is growing 😉
Nevertheless, we have today's winner in top-crypto: BNB +2.5%!
Not a surprise anymore that Euro (not the Dollar!!!) is falling with the US negative news.
EUR/USD -1.4% for one day.
Hey Europeans, did you feel poorer? I did!
Briefly about the yesterday's Fed meeting results:
- The rate was expectedly raised from 3.25% to 4%, which was taken positively by the market.
But then 30 minutes later Jerome Powell gave a speech which turned out to be disappointing.
The main thing from his speech:
- The final rate level will be higher than previously expected.
- The probability that the US will avoid recession has decreased.
- Fed sees no encouraging progress on inflation.
- The interest rate is likely to be increased to 0.5% at the next meeting.
And yes, my overall market sentiment is still bearish in midterm.
More coins' comparison is on this chart:
In last 24 hours we saw:
Bitcoin -1.5%
S&P 500 -3.3%
Nasdaq -4.5%
And all of them keep falling!
You may be wondering what is the matter to compare those very different instruments.
S&P 500 is a collection of the strongest and most valuable US companies. It is like a diamond.
When Bitcoin is a bubble without any real value. The balloon with euphoria gas inside.
However, it's not all that univalent.
In the real world, it appears that the diamond is falling faster than a balloon when the gravity kicks in.
Yesterday we have realized that very clearly.
The FED's head Jerome Powell with his speech has turned the economic gravity switch on.
The great blind captain can see the inflation at last!
And can say a scary R-word now! Recession!
Wow! What a brave man!
In general, crypto looks more positive than the securities now.
Which of course doesn't mean crypto is growing 😉
Nevertheless, we have today's winner in top-crypto: BNB +2.5%!
Not a surprise anymore that Euro (not the Dollar!!!) is falling with the US negative news.
EUR/USD -1.4% for one day.
Hey Europeans, did you feel poorer? I did!
Briefly about the yesterday's Fed meeting results:
- The rate was expectedly raised from 3.25% to 4%, which was taken positively by the market.
But then 30 minutes later Jerome Powell gave a speech which turned out to be disappointing.
The main thing from his speech:
- The final rate level will be higher than previously expected.
- The probability that the US will avoid recession has decreased.
- Fed sees no encouraging progress on inflation.
- The interest rate is likely to be increased to 0.5% at the next meeting.
And yes, my overall market sentiment is still bearish in midterm.
More coins' comparison is on this chart:
Good luck in trading!
You can find more useful content and trading cases in
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t.me/riskoholics
You can find more useful content and trading cases in
Riskoholics Telegram Channel
t.me/riskoholics
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