Bitcoin Plummets Below $62,000 Amidst Stagflation Fears in US Economy
On April 25, Bitcoin’s value fell below $62,000 as a result of the release of “stagflationary” macro data in the United States. This data caused market unrest, and when Wall Street opened, investors were greeted with troubled sentiment. The US Q1 gross domestic product (GDP) came in significantly lower than expected at 1.6%, which added…