Ethereum Clears $2,700 in a Short Squeeze as Bitcoin Hits an Eight-Month High, While 30-Year Mortgage Rates Stay Above 7%
A week after the Senate killed the Clarity Act, crypto's rally rolled on Tuesday: Bitcoin hit $85,787 and Ethereum broke $2,700 on a $183 million short squeeze, with Strategy and Tom Lee's BitMine both buying in. Meanwhile the 30-year mortgage rate barely budged off 7.03%, a reminder that a speculative asset rally and the real economy are running on two different tracks.