Bitcoin Faces Risk From ‘Maxed Out’ U.S. Consumers, Analyst Says

Bitcoin Faces Risk From ‘Maxed Out’ U.S. Consumers, Analyst Says

19
0
SHARE
This post was originally published on this site

Source: Coindesk.com

U.S. consumers accumulate debt at a slower rate amid rising credit card delinquencies. Slower borrowing means the fiat-to-crypto onramp will remain constrained, 10x Research said.

Although the unwinding of the yen carry trade has likely paused since Monday, stabilizing risk assets, including bitcoin (BTC). Still, other risks remain, such as the

Read More https://www.coindesk.com/markets/2024/08/08/bitcoin-faces-risk-from-maxed-out-us-consumers-analyst-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Bitcoin Faces Risk From 'Maxed Out' U.S. Consumers, Analyst Says" appeared first here Coindesk.com.

Source: Coindesk.com

NO COMMENTS

LEAVE A REPLY