Analysts: Risk aversion caused by macroeconomic uncertainty may put pressure on cryptocurrencies in the near future "
According to online reports, crypto macro analyst Noelle Acheson said,"The spread between the U.S. 10-year Treasury bond yield and the three-month Treasury bond yield turned negative again, causing the yield curve to invert, suggesting that the U.S. economy may fall into recession, that is, the U.S. gross domestic product (GDP) has shrunk for two consecutive quarters. This is usually not a good sign. We are still dealing with the battle between different narratives-on the one hand, risk aversion may put pressure on Bitcoin (BTC) and other crypto assets for some time due to macroeconomic uncertainty. But on the other hand, the 'safe haven' narrative is strengthening, and the good news from the White House further highlights the surprising shift in official attitudes."
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