A Bullish Job Market In The US May Inspire More Crypto Adoption, NFT Expert Says
Portfolio Pulse from Murtuza Merchant
NFT expert Anndy Lian believes that the recent positive US job market data could inspire increased cryptocurrency adoption. However, some experts argue that ongoing regulatory debates and fears of a looming recession may deter large investors and hamper growth.
June 05, 2023 | 3:06 pm
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Positive US job market data could inspire increased crypto adoption, but ongoing regulatory debates and recession fears may deter large investors and hamper growth.
The positive job market data could potentially lead to increased interest in cryptocurrencies like Bitcoin. However, ongoing regulatory debates and fears of a looming recession may deter large investors from entering the market, which could limit liquidity and hamper growth. As a result, the short-term impact on BTCUSD is neutral.
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