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Summary: Leading cryptocurrency Bitcoin traded higher than $23K on Thursday.The top coin enjoyed a slight rally following Wednesday’s FOMC meeting.America’s Q2 GDP report was also released with the figure at -0.9%.The number signaled a recession per technical definition although authorities opined differently.Crypto coin prices flashed green regardless of the news with
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The latest price moves in crypto markets in context for July 28, 2022. Source
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Bitcoin continued to move higher on Thursday, pushing past $23,000, despite a GDP report that showed second-quarter decline rather than growth. The negative 0.9% reading follows last quarter’s 1.6% decline and missed projections for a 0.5% increase in growth. Still, asset classes across the board responded favorably, with prices in
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The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2 GDP Data Points to a Recession One of
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“The Fed can't say, we're trying to push the economy into a recession, but in my opinion they are, because that's the only thing that's going to slow down prices,” Bob Iaccino, chief strategist at Path Trading Partners and co-portfolio manager at Stock Think Tank, said. Original Source
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"Nice uptick on Bitcoin after the FOMC raise rates by 75 bps, meeting expectations," Secure Digital Markets, a Toronto-based digital assets brokerage, said in a Telegram-based research channel. "Technically, we are seeing a very clean breakout to the upside, which started ahead of the data, seeing institutions taking heavy positions
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The quest to understand the opportunities and challenges of a central bank digital currency, or CBDC, is underway in 81 countries, with five nations fully implementing a digital version of their currency, according to a new tracker from the Atlantic Council. The Caribbean region is home to all five CBDCs that
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The Department of Commerce’s new report shows 33.1% annualized GDP growth in Q3, but does this really tell us much about the state of the economy?The Department of Commerce released its Q3 GDP numbers. Touted as record growth, this is actually a much more complicated story. In this episode, NLW
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Goldman Sachs is predicting a Democratic clean sweep in November as the best outcome for the U.S. economy.Other analysts are predicting something similar, with increased fiscal stimulus seen as the main catalyst for improved GDP.But a Biden victory is still far from certain, let alone a Democratic clean sweep.Goldman Sachs
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The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it? Today’s episode of The Breakdown looks at the stories the stock market is trying to tell, including:New all-time high in total market capitalization to GDP ratio
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