So, it is a possibility that is rather low at this point of time, but it cannot be completely ignored. If we are in a mini-Goldilocks where the US growth declines, but does not enter a recession, then we are very well off as far as emerging markets are concerned for all the reasons that you just highlighted.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest