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US Housing Glut Signals Economic Strain as Bitcoin Traders Weigh Fed Policy

Beincrypto Read original source (opens in a new tab)
The Story

News Summary

  • Redfin reported a record 57.9% buyer-seller gap in August as US housing demand stalled under high mortgage rates.
  • While prolonged weakness threatens wider economic growth and risk assets like Bitcoin, potential economic cooling could eventually trigger Federal Reserve rate cuts, creating a balanced macro outlook.
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76710.90 +13.72% over the displayed period

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