Markets slaughtered, Tether ratio was never wrong and showed that we are at the lowest point
Alt season indicator back to levels of Sep 2023
Macro indicators are 4x red
👇🧵
Crypto Overview
• FTX Announces Customer Reimbursement
• SEC Issues Enforcement Notice to Robinhood
• Grayscale's Bitcoin Trust Sees Rebound
• Binance CEO Advocates for Detained Compliance Officer
• Movement of Stolen Crypto Funds
Signs of labor market cooling boosted hopes for forthcoming Fed rate cuts, while Biden targeted Chinese tech sectors with new tariffs amid the economic rivalry between the two nations.
Economic/Labor Market
Trade/Geopolitics
Markets
Key Economic Metrics
🔴While GDP growth slowed and jobs/wage growth moderated slightly, stubbornly high services inflation driven by the tight labor market has made the Fed more cautious about loosening monetary policy too quickly.
🔴Fed maintained a firmly hawkish stance, preparing markets for interest rates to remain restrictive for an extended period until inflation shows sustained downward progress, even as it plans some marginal adjustments to its tightening tools.
🔴Eurozone saw an economic growth revival in Q1, providing cause for optimism. But persistent underlying inflation, especially in services, complicates the ECB's policy path and could delay anticipated rate cuts if price pressures prove stickier than hoped.
China Mexico Tensions🔴
Mexico is caught between taking advantage of economic opportunities with China while balancing pressures from its key trade partner, the United States, amidst the broader U.S.-China strategic tensions playing out globally.
#ETH #HotTrends #BTC
