Bitfinex analyst: BTC may fall below $70,000 in the short term due to declining investor interest in risky assets
2024-06-07 13:29
Odaily News As the non-farm payrolls data exceeded expectations, investors may be worried that monetary policy will be further tightened. Bitfinex analysts said that BTC may fall below the $70,000 mark this week due to the decline in investor interest in risky assets. However, the previous euro interest rate cut may increase Bitcoin's liquidity, as the interest rate cut may weaken the euro, which may lead to increased demand for alternative assets such as Bitcoin. The increase in liquidity brought about by monetary easing policies may also support risky assets including cryptocurrencies. (Cointelgraph)
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