Any growth in gross domestic product might be negative for the bitcoin market, since the Federal Reserve will have to keep raising interest rates to bring down inflation – typically bad for prices of risky assets.
Source
Related posts
-
National Power Administration ANDE Employees Allegedly Involved in Setting up Illegal Bitcoin Mining Farms in Paraguay
National Power Administration (ANDE) employees have been accused of participating directly in setting up illegal bitcoin... -
Bitcoin ATM installations reach 38k, below the all-time high
The global Bitcoin ATM market has seen significant growth. There are now over 38,000 Bitcoin ATMs... -
Stablecoin Market Remains Steady in June Amidst Crypto Volatility
While June was a lackluster period for crypto assets...