OMG: Trump’s Crypto Move Sends Bitcoin to $121K, Ethereum Soars-What Could Possibly Go Wrong? 🚀
Before you go maxing out your credit card to buy more crypto, let’s talk about the elephant in the room: macro events. Upcoming CPI data on Tuesday and PPI on Thursday could either validate this rally or send it crashing down faster than my New Year’s resolutions. Traders are nervously eyeing inflation numbers, which might influence the Federal Reserve’s September rate decision. Sure, CME FedWatch gives an 88% chance of a 25bps rate cut, but Fed Chair Jerome Powell recently hinted that such a move is “less likely” without favorable economic data. Classic Powell, always keeping us on our toes.








