Will crypto prices soar amidst recession

will crypto prices soar amidst recession

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How Does A Recession Affect Cryptocurrency?
Recession won't keep bitcoin from reaching new highs in , VanEck predicts in yearly crypto forecast. Higher inflation rates have always weighed on risky assets such as cryptocurrencies, as demand for them dampens when rates rise. The year �The truth is that crypto prices have proven to be impacted by the same directional sentiment that impacts retail stock investors.�.
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Although, in other cases, the price of Bitcoin may rise as investors see it as a hedge against inflation or a way to store value outside of traditional financial systems. Martin Hiesboeck, head of blockchain and crypto research at digital money platform Uphold. In this guide.