Thought I would post this the day after we hear that REPUBLIC FIRST BANK has gone in to receivership in the USA.
This is just 5 weeks after the FED's BTFP Banking Suppor tprogram ended.
Thsi si likely to be the first of more and the question is now, how will the FED react on Wednesday, 1 st may at their next interest rate meeting.
To Pivot now would be an interesting and possibly catastrophic choice and yet, to keep rates as they are, Keeps th epressure on and so we will see more Banks Falling.
Why is a Pivot now a bad move ?
Because, Historicaly, Markets Crash on Pivots.
Will that happen in Crypto ?
We have No data to look at, We have Never been in this situation before................
Keep your eyes open on Wednesday
This is just 5 weeks after the FED's BTFP Banking Suppor tprogram ended.
Thsi si likely to be the first of more and the question is now, how will the FED react on Wednesday, 1 st may at their next interest rate meeting.
To Pivot now would be an interesting and possibly catastrophic choice and yet, to keep rates as they are, Keeps th epressure on and so we will see more Banks Falling.
Why is a Pivot now a bad move ?
Because, Historicaly, Markets Crash on Pivots.
Will that happen in Crypto ?
We have No data to look at, We have Never been in this situation before................
Keep your eyes open on Wednesday