Bitcoin

The 'fire-breathing dragon of clouds' phenomenon is a stark reminder of accelerating climate risks. For crypto, this adds to the ongoing debate about Proof-of-Work energy consumption, potentially influencing ESG-driven capital flows and policy decisions. While not a market mover today, it contributes to the macro backdrop that keeps the Fear & Greed index at 27 (Fear) and sustains a slightly bearish sentiment across risk assets.

Severe wildfires can create pyrocumulonimbus clouds, which NASA describes as 'fire-breathing dragon of clouds'.