#BTC #ETH Golden Finance reported that there have been some positive signs in the encryption market resilience recently, including institutional interest in Spot BTC ETF and BTC price withstanding the test of returning billions of dollars of BTC by Mt. Gox. It is obvious that the US economy has been weaker in the past 48 hours than the Federal Reserve initially thought, and the weak ISM index has brought impact to risk assets. The Federal Reserve's suggestion of interest rate cuts in the fall may not be able to prevent economic decline, and if this happens, BTC may face significant dumping, with its price falling below $50,000, or even lower.
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#BTC #ETH Golden Finance reported that there have been some positive signs in the encryption market resilience recently, including institutional interest in Spot BTC ETF and BTC price withstanding the test of returning billions of dollars of BTC by Mt. Gox. It is obvious that the US economy has been weaker in the past 48 hours than the Federal Reserve initially thought, and the weak ISM index has brought impact to risk assets. The Federal Reserve's suggestion of interest rate cuts in the fall may not be able to prevent economic decline, and if this happens, BTC may face significant dumping, with its price falling below $50,000, or even lower.