I know the argument is going to be that BTC is rising after the debt-ceiling deal because the deal represents debasement. But this isn't the real reason. The reason is risk premiums are falling. We're going to see equities markets surge, too.
Also the Hong Kong news.
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This move is correlated with the debt ceiling deal announcement.
What’s the news?
Oh. Feels like a nothingburger 🤷♂️
Markets do weird things. 🤷🏻♂️
I could be wrong but it feels like we’re past the point where single nation (other than US) announcements significantly move the needle for bitcoin in any direction.