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0.1% Gain: Bitcoin’s Muted Response to Economic Uncertainty

Bitcoin saw a modest increase of just 0.1% in the past 24 hours. The CoinDesk 20 Index, which tracks the performance of major cryptocurrencies, also rose by less than 0.1%. These slight gains occurred amidst a backdrop of economic uncertainty, highlighted by President Trump’s criticism of Federal Reserve Chair Jerome Powell’s interest rate policies. Over the last 20 years, gold has outperformed the S&P 500, including dividends. The S&P 500 ended the shortened trading week up by 0.1%, while the Nasdaq fell by 0.1%. Despite the current market hesitancy, there is a growing comfort among institutions with the crypto space under the current administration. Market participants anticipate central bank actions post-summer.

Source: www.coindesk.com

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persistenceintern @P1intern · Apr 12
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