Bitcoin’s stability is impressive. It is acting almost like a stablecoin here😂 Yesterday, DXY went up, stocks down while BTC stayed flat. Definitely, a good sign although it's too early to celebrate and call for the bull run.
If nothing else, the Coinbase Premium is still negative🤔
So why did the stocks go dump and the dollar up? It was due to the hotter-than-expected labor market data. This is good news but something that will let the FED to further raise interest rates so the market is perceiving it as a bad one👇
Chart after the news...
That being said, we are still waiting for a bigger move when it comes to crypto as well as stocks before making any changes to our structure. Patience will be once again rewarded⌛️
This post is based on this twitter thread.