Cryptocurrency markets are experiencing a downturn amid concerns over potential economic stagnation in the United States. According to data from CoinDesk Indices, Bitcoin, the largest digital currency by market capitalization, was trading at $62,400 on April 29, 2024, after declining 2.5% during the previous day. Ether was also down by 3%, trading at $3,200, while CoinDesk 20, an index tracking the most liquid cryptocurrencies, had dropped by 2.6% to 2,197 points.

The market sentiment seems to be at a critical juncture, with conflicting views on its future trajectory; analysts are weighing both…

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