According to ChainCatcher, the Grayscale Research team recently published an article stating that if the US dollar weakens and interest rates continue to fall, it will be good for Bitcoin. Because like physical gold, Bitcoin is an alternative currency system that competes with the US dollar in the international market.

And it believes that the main downside risk to crypto valuations is a further increase in unemployment and a possible recession. Therefore, investors should pay close attention to upcoming labor market data, including the next monthly employment report scheduled for release on September 6.