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Bitcoin Climbs as Economy Cracks — Is it Bullish or Bearish?

Press Releases Crypto News Coindesk Bitcoin Climbs as Economy Cracks — Is it Bullish or Bearish?

Bitcoin BTC$116,555.16 is about 4% higher than it was a week ago—good news for the digital asset but bad news for the economy.

The recent negative tone of the economic data points from last week raised expectations that the Federal Reserve will cut interest rates on Wednesday, making riskier assets such as stocks and bitcoin more attractive.

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Author: James Van Straten

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BTC-Newswire

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Bitcoin Climbs as Economy Cracks — Is it Bullish or Bearish?

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