The FED has pivoted, Powell presser still ongoing but the message is very clear, he highlights how there may or may not be just another 25bs rate hike, the FED is taking the banking crisis seriously and that has triggered the pivot, this is bearish USD and very bullish crypto, while it is NOT necessarily as bullish for indices as it may usually be, the tone from Powell about the banking sector is pretty heavy so they might be seeing something that could escalate over the coming weeks, for now we read this as bearish for the Dollar and bullish for crypto
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