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Coin Edition 2023-07-12 12:19:00

Bloomberg Analyst Cautions that Cryptos Face Heightened Risk in a Recession

In a recent tweet, Mike McGlone, a Bloomberg analyst, raised concerns about the potential risks faced by cryptocurrencies during periods of economic recession. McGlone highlighted that recessions often lead to struggling risk assets and lower interest rates as central banks inject liquidity into the market. He emphasized that cryptocurrencies, including Bitcoin, are particularly susceptible to The post Bloomberg Analyst Cautions that Cryptos Face Heightened Risk in a Recession appeared first on Coin Edition .

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