Chairman Powell’s prepared comments are hawkish. The question now is whether he’ll give us a less hawkish tone during his Q&A session with Congress today…just like he did in his press conference last week.
Bitcoin is bouncing strongly on speculation that the SEC will give approval for a BlackRock ETF. If (repeat, IF) bitcoin can break strongly above its March April highs, it’s going to be very bullish for the crypto asset class.
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