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Even with a 3.8% Q2 GDP growth report, leading cryptocurrencies are down. Traders suspect the figures may be influenced by political pressure, ignoring traditional economic signals. In today’s market, bullish data isn’t enough to move crypto.
3.8% GDP growth should be bullish, but crypto doesn’t care Traders think politics may be skewing the numbers.
Markets aren’t trusting the “strong GDP” story. Crypto showing that sentiment > official reports right now.