Bitcoin Climbs Above $28.5K as Investors Weigh Fresh Bank Woes, Cool Jobs Data

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“Should the economy weaken further (risk-off) this would hurt ETH, causing ETH to underperform to the downside,” Greg Magadini, director of derivatives at crypto analytics firm Amberdata, noted in a recent newsletter. “A recession would cause the Fed to pivot and cut rates later this year (good for Gold and BTC).”

Original Source: https://www.coindesk.com/markets/2023/05/02/bitcoin-climbs-above-285k-as-investors-weigh-fresh-bank-woes-cool-jobs-data/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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