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Bitcoin’s (BTC) recent pullback may be less about crypto‑specific weakness and more about macroeconomic fears, according to André Dragosch, Bitwise’s Head of Research for Europe.
In a social media post published Wednesday, Dragosch argued that the world’s largest cryptocurrency appears to be pricing in a potential deep US recession. If that downturn ultimately fails to materialize, he suggested, Bitcoin could be positioned for a significant rebound.
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