🤫 Ah, the sneaky world of Bitcoin! It’s not just hype, my friends, there’s some real macro magic happening behind the scenes. 🎩
As we speak, Bitcoin has rallied by a whopping 10% from the $109k zone, locking in five straight higher highs this week. And, oh boy, did it hit a wick of $122,056 before taking a slight tumble! 💸 That’s what we call a strong underlying bid support, if I do say so myself.
But, of course, the big question is: can this rally keep on truckin’? 🚚 June’s macro data is set to release on 15 July, and that means volatility is back on the table. Dun, dun, dun! 🎉
Bloomberg is projecting a 0.3% rise in core CPI, which is the largest month-over-month increase in five months. And, let’s be real, it’s all thanks to Trump’s recent tariffs. 🙄
However, it seems the market is giving those macro stresses the old razzle dazzle. 🤣 Bitcoin’s 12% weekly gains might just be the first sign of a shift in the winds. And, despite those renewed tariff threats, there’s been no post-Liberation Day-style collapse. 🙌
So, what’s the magic trick here? Is macro FUD (fear, uncertainty, and doubt) actually fueling the rally? 🔮 Could CPI volatility become a launchpad rather than a threat, reinforcing Bitcoin’s current risk-on sentiment? 🤔
The Fiscal System: A House of Cards?
It seems Bitcoin’s vertical price action is rising in tandem with Treasury yields and inverse to a weakening U.S. dollar. Ah, the plot thickens! 📚
The Kobeissi Letter noted that Trump’s “Big Beautiful Bill,” passed on 03 July, might just be the trigger. And, oh boy, has it aligned with a $15,000 jump in BTC! 🚀
It’s all about the growing fiscal strain, folks. The U.S. posted a $316 billion deficit in May alone, and that’s got markets pulling capital out of bonds and into risk assets. The 10-year yield hit 4.43%, a monthly high, as investors reassessed their risk. 📊
In short, tariffs are eroding dollar strength, pushing yields up, and helping Bitcoin punch through resistance levels. It’s a fiscal squeeze, and it’s driving capital into Bitcoin! 💸
Why, you ask? Well, when import prices rise, inflation picks up, and that forces the government to pay more in interest on its debt. Meanwhile, slower growth drags down tax revenues, reflected in a falling dollar. It’s a bit of a mess, if you ask me! 🤯
The result? A fiscal squeeze that’s driving capital into Bitcoin, with BTC’s latest price action underlining that. It’s a key macro divergence, and it means high interest rates might just be a catalyst, potentially softening any macro-driven volatility ahead. 🤞
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2025-07-15 08:15