Bitcoin Volatility Expected in July Amid Economic Uncertainty

Cryptocurrency traders are bracing for potential major Bitcoin price swings in July as uncertainty looms over the US economy. Factors contributing to this anticipated volatility include recent GDP data, inflation indicators, and speculation about Federal Reserve policies. The personal consumption expenditures index, a key inflation measure, showed a slight decrease, potentially influencing Bitcoin’s appeal as an alternative investment. Analysts suggest that economic slowdowns could drive interest in cryptocurrencies as investors seek alternative stores of value.Read more on Decrypt