Moscow says it is positive toward an American proposal for a truce in the energy sector between Russia and Ukraine, but directly links its support to demands for relief from Western sanctions.
The Shiller CAPE ratio for the S&P 500 is approaching levels last seen during the dotcom bubble. History shows such readings have often preceded sharp corrections — and crypto tends to swing even harder than the stock market when that happens.
LSK rocketed over 500% intraday and climbed into the top 100 by market cap after a massive short squeeze, while Bitcoin continues to struggle to break through the $77,000 resistance.
Shipping crude oil has become dramatically more expensive after security risks around the Strait of Hormuz and the Red Sea escalated. Shipping companies are demanding war-risk premiums, and the ripple effects could reach all the way to the rate path and risk assets like Bitcoin.
The oil industry is preparing for several years of conflict between the US and Iran in the Persian Gulf, with lastingly higher prices as a consequence. This could also dampen risk appetite for Bitcoin and other risk assets.
Bitcoin has pulled back from $81,000 to $77,234 as the US 10-year Treasury yield approaches 5%. The stock market has shaken off the same rate pressure — crypto has not. Wednesday's FOMC decision, where the market now prices in an 86.3% probability of a rate hike, will be a decisive test.
Austrian central bank governor Martin Kocher says the risk of persistently high inflation in the eurozone has increased significantly in recent months, with oil prices as a key risk factor.
Jensen Huang claims general artificial intelligence is already a reality. What investors are overlooking is that AI growth is now colliding with a physical power wall that could slow down the entire industry.
US stock futures fell Tuesday morning after the oil price broke through $100 a barrel and a hotter-than-expected PPI figure sharpened expectations of further rate hikes. Bitcoin fell below $77,000, while investors also await Oracle's quarterly figures.
