Bitcoin and other risk-on assets are under short-term pressure as the macro narrative flips from recession to sticky, entrenched inflation. Sticky inflation Markets are braced for an imminent recession. However, current macro analysis suggests a recession may not be coming, at least not in the short term. Instead, analysts expect a period of sticky, entrenched […]
Research: Bitcoin, risk-on assets under short-term pressure as macro narrative flips Research: Bitcoin, risk-on assets under short-term pressure as macro narrative flips
The macro narrative flips from recession to entrenched, sticky inflation creating headwinds for Bitcoin price appreciation.
3 min read
Updated: Feb. 14, 2024 at 3:37 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.