Cryptocurrencies Show Resilience Amid US Economic Uncertainty
Digital assets remain buoyant despite rising unemployment and Federal Reserve hesitation on rate cuts. Market indifference contrasts with traditional economic concerns as Bitcoin (BTC) and ethereum (ETH) maintain stability.
White House officials downplay unemployment figures, citing wage growth and labor market recovery. 'Inflation is returning to historical ranges,' notes a senior adviser, while Fed Chair Powell maintains cautious monetary policy.
The divergence between crypto markets and macroeconomic indicators highlights growing investor confidence in decentralized assets. Major exchanges including Binance and Coinbase continue seeing steady flows into BTC, ETH, and altcoins like SOL and DOGE.