Noelle Acheson, a crypto macro analyst, said, "The spread between the US 10-year Treasury yield and the 3-month Treasury yield has turned negative again, causing the yield curve to invert, suggesting that the US economy may be in recession, that is, the US gross domestic product (GDP) has contracted for two consecutive quarters. This is usually not a good sign.
We are still dealing with the battle between the different narratives - on the one hand, risk aversion is likely to weigh on Bitcoin (BTC) and other cryptoassets for some time due to macroeconomic uncertainty. But on the other hand, the'safe haven 'narrative is strengthening, and the positive news from the White House further highlights the alarming shift in official attitudes. "
Analysts: Risk aversion caused by macroeconomic uncertainty could weigh on cryptocurrencies in the near future
2025-03-06 17:12:44
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