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Growth for Bitcoin in the US is difficult since 61% of US citizens live paycheck to paycheck

From fxstreet.com

While the crypto market may stand to be its own entity led by Bitcoin, it is still bound by the sentiment and demand of the investors. At the moment, this sentiment is not positive, and the demand is susceptible to a decline in the United States since it is becoming difficult for citizens to make ends meet. Bitcoin and crypto investments might take a hit: Bitcoin and most of the other cryptocurrencies up until last year were mostly run by retail investors. However, at the moment, the crypto market is widely affected by the decisions of institutional investors who have invested billions into the industry. Thus as ... (full story)

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  • Category: Fundamental Analysis