Bitcoin

These climate events exacerbate El Niño-driven commodity pressures, potentially keeping energy prices elevated and complicating central bank rate cut expectations. In a market already pricing in 'greed' (Fear & Greed: 70), any inflation uptick could trigger a risk-off move, challenging the current bullish crypto sentiment.

Extreme heat warnings issued for southern California while Indonesia grapples with severe wildfires, causing poor air quality in surrounding regions.