Bitcoin price risks 1-week lows as US GDP sparks 'stagflation' woes

Markets opened to troubled sentiment after U.S. Q1 GDP came in significantly lower than expected at 1.6%.

“What does the Fed do when inflation is rising but the economy is weakening? If you cut rates, inflation will skyrocket. If you raise rates, economy crashes. Not exactly the definition of a ‘soft landing,’” it In his latest X post, popular trader Crypto Chase suggested that BTC/USD could put in more upside to top out at $68,000.

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