Bitcoin’s $82K Breakout Just Got REKT by the Fed!
Bitcoin just posted its highest close in four months, up nearly $20,000 in 20 days, and triggered one of the largest short liquidation cascades crypto has ever seen. Fed Governor Waller leaning toward holding rates sent it to $82K, then Friday's jobs report blew up the script: 162,000 jobs added against expectations of 55,000, which strips away the Fed's best excuse not to hike on September 16th. Add a sovereign wealth fund talking about cutting Treasury holdings, Blackstone gating withdrawals from its credit fund, and Mohamed El-Erian warning the bond selloff isn't over, and you get a currency war where everyone from China to Japan to Europe is scrambling and the dollar keeps winning anyway. The Porkopolis power law model's Q90 band puts Bitcoin at $800K within two years. This isn't the top. It's the appetizer.Show more SPONSORS
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