Crypto Expert Rachel Geyer on Bitcoin
Rachel Geyer, Vice President of Terahash.Space and co-founder of Les Femmes Orange, advises against purchasing Bitcoin without careful consideration. In an interview with TECHBOOK, she discusses how her work with various organizations complements each other and the role Germany plays in the European context. She highlights that Germany holds a leading position in Bitcoin node activity but lags politically.
Geyer further explains the importance of the Lightning Network as a solution to the scalability issues of blockchain technology. She believes Berlin is the hub of this innovation in Germany. Additionally, she emphasizes the benefits of Bitcoin mining for stabilizing renewable energy by utilizing excess energy during production peaks.
US Employment Data Weighs on the Crypto Market
According to a report on Bitcoin2Go, strong US employment figures have negatively impacted the cryptocurrency market. The report revealed 256,000 new jobs outside the agricultural sector and a decreased unemployment rate of 4.1%. These solid figures significantly reduce the likelihood of an interest rate cut, thereby putting pressure on the Bitcoin price.
The price subsequently fell below the $94,000 mark and could further decline to below $90,000. Analysts view this development critically for crypto market investors due to restricted liquidity from high interest rates.
Sources:
