Bitfinex Report: Macro Conditions Will Impact Bitcoin’s Trend in the Coming Weeks

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Foresight News reported that Bitfinex released a report stating that broader macroeconomic conditions (including the performance of the S&P 500 index) will greatly influence the trajectory of Bit in the coming weeks, before more details on cryptocurrency reserves are made public. The market remains fragile, and a sustained bullish momentum may be difficult to achieve without new institutional capital inflows. Due to persistent inflationary pressures and subdued consumer sentiment, economic growth is expected to remain sluggish in early 2025, unless key policy adjustments or favorable economic conditions drive a new momentum.

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