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Question #472

What effect did the 4.3% U.S. GDP growth report have on Bitcoin price movements?

Catégorie: General
It lowered hopes of Fed rate cuts and pushed Bitcoin prices lower
It had no impact because Bitcoin price does not follow economic data
It triggered massive buying as investors expected faster Fed rate reductions

Pourquoi est-ce la bonne réponse?

This is correct because stronger GDP growth reduces the likelihood of the Federal Reserve cutting interest rates. Higher rates or no cuts can make risk assets like Bitcoin less attractive, causing downward pressure on Bitcoin’s price.

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