$BTC is performing very well, the only thing that can stop this rally is a US recession.
but looking at the latest US retail sales data, that risk looks quite low.
American consumers are spending money at the same rate as they have for the past 20 years, with no signs of slowing down.
High consumer spending creates inflationary pressure. This helps explain why core inflation has not declined.
In this situation, the Fed has no reason to cut rates aggressively.
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