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Bitcoin is rallying on US deficit concerns, not hype: Analyst

Bitcoin has become a macro asset hedge against a $7 trillion deficit swing in the US and understanding that could be key to figuring out where the price is going.

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Bitcoin is rallying on US deficit concerns, not hype: Analyst

Bitcoin has become a macro asset hedge against a $7 trillion deficit swing in the US and understanding that could be key to figuring out where the price is going.

Why this matters

This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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