To receive the Morning Note in your inbox, subscribe here: https://stormrake.substack.com/
Bitcoin remains steady while the broader market drifts, marking another low-volatility session across the cryptospace. BTC closed just 0.23% lower on the day, a move that aligns with a market nervously watching developments in the Middle East.
Ordinarily, asset performance gives us clues about unfolding geopolitical events and prevailing sentiment, but that is not the case here. Risk-on assets like Bitcoin, the S&P 500 and Nasdaq are barely moving. Meanwhile, gold and silver have both declined nearly 3% over the past four days, typically a sign of easing tensions or progress toward peace. However, others markets are telling a different story: crude oil and natural gas continue to push higher, suggesting a possible escalation. In short, markets are uncertain, and that uncertainty is showing in price action. Still, investors are not panicking. Sentiment remains cautious, with a clear wait-and-see approach.
The White House has just announced that Trump will decide within the next two weeks whether the US will directly strike Iran. Until then, expect a period of consolidation across markets as investors brace for what comes next.
Stormrake Spotlight: Hyperliquid (HYPE) ($36.42)
Stormrake Spotlight: Hyperliquid (HYPE) ($36.42)
