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But we saved everything 🙂.
Momin Saqib emphasized the impact of high energy prices on financial markets. Rising energy costs are keeping inflation elevated, which in turn is leading central banks to take a more cautious approach. Saqib noted this caution means liquidity conditions are likely to remain tight for both equities and crypto assets.
He also highlighted that tight liquidity combined with geopolitical uncertainty is creating additional challenges for market participants.
Recently, Momin Saqib pointed to sharp swings in energy markets, noting oil surged 80% in 10 days before a 20% drop, which raised concerns for Bitcoin and global markets here. He has also suggested that Bitcoin could target $76,000 to $78,000 in the short term if the $74,000 support holds here. Saqib’s previous comments highlight the interconnected pressures facing both traditional and digital assets.