Wednesday, November 20, 2024
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Negative BTC Price-Volatility Correlation Returns as Crypto Traders Fear FTX Creditor Liquidations

"The impending U.S. August CPI data will likely show a rebound in inflation, which means the Federal Reserve (Fed) will probably take additional liquidity-tightening measures to curb reflation. In liquidity redistribution, crypto assets are prioritized last, which means that the liquidity stored in crypto assets could be withdrawn and invested

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Bitcoin Stays Stagnant with Strengthened DXY Negative Correlation as US GDP Slows

The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000. The price of Bitcoin (BTC) has remained relatively stagnant for about a week as the US gross domestic product (GDP) is slowing. Currently trading at $28,870 according to CoinMarketCap data, BTC

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