Bitcoin

The screwworm ban and disaster declaration exemplify growing deglobalization and supply-chain fragility, which could feed into inflationary pressures over time. In a macro environment where the Fed is cautious, such micro-disruptions, while minor, compound the narrative of higher costs and slower growth, potentially delaying rate cuts that would benefit risk assets like crypto.

Canada bans import of Texas cattle after a second infected calf with flesh-eating screwworm is identified, leading Texas to declare a state of disaster.