Weak Growth, High Inflation: Is a Massive Crypto Crash Coming? 

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Recent signals from the United States economy are stirring fears of stagflation, casting a shadow over the cryptocurrency world, particularly Bitcoin. ELJA, a prominent figure in crypto trading, has highlighted some key events, including disappointing GDP figures and a notable rise in core inflation, indicating rough economic waters ahead.

Here’s everything you need to stay aware and safe.

The US GDP has taken a dive to a mere 1.6%, revealing cracks in the economic foundation. At the same time, the US core Personal Consumption Expenditures (PCE) index has shot up from 2% to a staggering 3.7%, marking an 85% increase.