- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Analyst: Bitcoin's Near-Term Outlook May Depend on US Economic Data
BlockBeats News, August 25th, XS.com market analyst Linh Tran stated that the recent outlook for Bitcoin will largely depend on the upcoming U.S. economic data, including preliminary GDP and core personal consumption expenditures inflation. If the data continues to show a slowing U.S. economy and easing inflation, the Federal Reserve will have more reason to start a rate-cutting cycle.
“This scenario will create a liquidity-rich environment conducive to Bitcoin's recovery,” Tran said. However, Tran added that if the data unexpectedly turns out to be “hot,” investors may maintain a defensive posture and extend the short-term pullback. (FX678)
You may also like
Gainers
Latest Crypto News
The largest SOL treasury company, Forward Industries, has deposited 1.443 million SOL into Coinbase Prime.
The White House is currently reviewing overseas cryptocurrency taxation policy, and the cross-border regulatory framework may be adjusted.
SOL Treasuries Company Sharps Technology Stock Price Hits All-Time Low After First Quarterly Financial Report Filing
Investment Bank TD Cowen: SEC To Enter 12-Month Key Regulatory Period, Chairman Atkins To Lead Crypto Rulemaking
The well-known crypto data platform DappRadar has announced its closure due to financial difficulties, with the future plan for the RADAR token still pending.
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App