Friday, March 29, 2024
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Bitcoin Price (BTC) Observers Warn of Risk Aversion as Oil Prices Top $93

Higher oil prices are often transmitted to retail fuel prices, raising key inflation metrics like the Consumer Price Index (CPI). That, in turn, weighs over households' disposable income. Less disposable income means weak consumption, economic growth, and less inclination to invest in high-risk, high-reward assets like bitcoin and technology stocks.

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Bitcoin price stumbles amid investors’ aversion to risk assets, but there is a silver lining

The U.S. stock market is approaching a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect it against a significant downside move. The escalating risk-off sentiment in the market is also

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