Bitcoin short-term targets hit as recession fears loom; Analysts see opportunity
A series of economic reports released on Friday have raised alarms that the United States economy may be on the brink of a recession. Bitcoin’s (BTC) price has suffered a recent crash following this macroeconomic scenario, but analysts see an opportunity. The Bureau of Labor Statistics reported that the nation’s unemployment rate increased to 4.3% in July from 4.1% in June. Additionally, non-farm payroll employment rose by only 114,000 jobs, significantly below the anticipated 175,000 new jobs. These figures have contributed to growing fears that a recession , long predicted by some economists, may now be imminent. Picks for you Robert Kiyosaki shares the 'great news' from the crashing stock market 2 hours ago Analy...
