Rocky US economy, private credit stress, war, impact Bitcoin’s odds for $75K rally
Are Bitcoin’s odds for a rally to $75,000 diminished by a weakening US economy, the war in Iran and multiple institutional BTC holders selling in the open market?
Key takeaways:
Private credit risks and weak US jobs market data drive Bitcoin lower, but is there a silver lining?
Institutional Bitcoin ETF outflows and miner sales test BTC’s strength, but the Federal Reserve’s options for addressing the federal deficit may also favor scarce assets.