TL;DR
Full Story
Picture this:
It’s the last bell, of the last day of 3rd grade.
Summer has started.
You’ve got your Gameboy in your pocket, a Pokemon cartridge in the slot, and your mom just said your best friend (the one with the link cable) can stay over.
That, right there ☝️, is the definition of a ‘nothing can wreck my high’ moment.
And it feels like crypto is going through something similar right now.
Cause the Federal Reserve just met and said:
“While inflation had eased over the past year, in recent months there had been a lack of further progress.“
With various members voicing “a willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate.“
A few weeks ago, this would have immediately sent the market into a panic. But as of this writing, we’ve seen a slight dip (if you could even call it that).
Things might have changed by the time you’re reading this (as is the nature of crypto) — but for now, the market is showing its resilience.
Wanna do some more math? Let’s do some more math:
Ethereum ETF rumors + Bitcoin breaking/hovering around $70k + April’s losses being made up for already = a ‘nothing can wreck my high’ moment.
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