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Crypto decoupled hard in July. $ETH +20%, $BTC +9.76% while chip stocks got crushed -22%, Nasdaq 100 -9%, Russell -3%. Gold and silver barely moved. Crypto was the best performing asset class on the board, not tech's leveraged sidekick. One month doesn't confirm a trend. But if BTC/ETH hold up next time tech sells off, that's a real story. #Fed3Dissents #MSFTCutsCapex #AIStoryDiverges