Bitcoin Sees Strong US Buying Pressure Amid US Recession Fears

Bitcoin is currently seeing strong buying pressure from U.S. investors, as reflected by the on-chain data. The US recession fear and the interest rate hike by the Bank of Japan (BOJ) have triggered a massive selloff recently in the broader financial market, let alone the crypto sector. However, with the recent dovish signal from BOJ, the highest crypto by market cap appears to be witnessing strong demand from the US traders.