Phyrex|Sep 12, 2026 13:23
After a five-day break, I'm back to doing dual-currency trades again. I actually wanted to make a move yesterday after the CPI data, but considering the U.S. stock market closing on Friday, it didn’t seem like a big rush, so I waited until today.
Looking at yesterday’s CPI-induced spike, Bitcoin briefly hit $76,000 before gradually recovering alongside U.S. stocks. This seems to indicate two things:
1. Bitcoin is still somewhat correlated with the U.S. market, especially tech stocks, and remains influenced by U.S. macroeconomic factors.
2. The inflow of bitcoin:native funds is still decent, and selling pressure isn’t very obvious. Particularly after MSTR turned profitable, market sentiment has noticeably improved.
Based on these two points, I think the weekend’s volatility might not be too significant. Plus, there’s a meeting on Monday between Iran and Gulf countries, potentially discussing the partial reopening of Hormuz shipping routes, which is definitely good news.
Then I noticed that as of 4 PM Beijing time on Tuesday, the dual-currency interest rate for $75,000 Bitcoin was 12.11%. Seems decent, so I bought a bit.
@Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all in one platform.
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