US Recession ‘Turning Into a Tailwind’ for Bitcoin: Bitwise Analyst
In brief The U.S. economy contracted at an annualized rate of 0.3% in the first quarter. Traders grew more confident that the Federal Reserve would cut interest rates this summer. The U.S. Dollar Index (DXY) rose on Wednesday but has declined 8.3% year-to-date. Bitcoin fell on Wednesday after the U.S. economy shrank for the first […]
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