Sentiment: Negative
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Bitcoin faces $70,000 breakout or $60,000 drop this weekend as Hormuz tensions rise
By Gino Matos at 2026-10-04 06:54
Sentiment: Negative
Bitcoin traded near $65,000 heading into the weekend, sitting at the center of two macro forces pulling in opposite directions. The Aug. 7 jobs report weakened the case for a September rate hike, and tensions around the Strait of Hormuz threaten to revive the inflation trade that the report just cooled. The US economy lost […] The post Bitcoin faces $70,000 breakout or $60,000 drop this weekend as Hormuz tensions rise appeared first on CryptoSlate. Continue reading...
Categories: Analysis
Tags: #Analysis #Featured #Macro #Market
Source CryptoSlate