Oil prices stay elevated as Middle East tensions drive market divergences.

$BTC $28,500 (0% 24h) | $ETH $1,800 (0% 24h) | $BNB $320 (0% 24h).

The recent surge in Middle East tensions has led to a flight to safety in traditional assets, but safe havens like gold and bonds are faltering.

This has significant implications for the Fed's interest rate decisions, with inflation fears now front and center.

The prospect of rate hikes has driven a stronger US dollar, which typically negatively impacts crypto prices.

In the short term, $BTC and $ETH may face selling pressure as traders price in a higher discount rate.

My take is bearish; expect increased volatility as markets adjust to the new rate hike narrative.

#Bitcoin #BTC #Crypto #RateHikes #Geopolitics