Cryptocurrency Analysis and News Portal
Data from the United States commerce department suggests America has entered a technical recession, but market analysts have highlighted key metrics that suggest investors are optimistic.The American economy shrunk for the second consecutive quarter, according to government data released on Thursday, fitting the criteria for a technical recession. The Biden
Read More
The latest price moves in crypto markets in context for July 28, 2022. Source
Read More
When it comes to bitcoin, the semantics of recession are of little importance. Source
Read More
Janet Yellen Sees No Recession, Calls US Economy ‘Exceptionally Strong’ Source
Read More
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
Read More
Bitcoin (BTC) regained more lost ground on the July 28 Wall Street open amid confusion over whether the United States had entered a new recession.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalysts call recession for United States on GDP printData from Cryptox Markets Pro and TradingView tracked BTC/USD as it tested $23,000
Read More
“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
Read More
That means, on Thursday, if data shows the U.S. GDP has shrunk for the second consecutive quarter, we may not officially be in a recession. In a way, this could be a good thing. In these “narrative-driven” times, (the same trend that gave the world meme stocks and dog tokens),
Read More
Bitcoin (BTC) fell below $21,000 for the first time in eight days on July 26 as Wall Street prepared for a decision on United States' anti-inflation policy.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewFed jitters test market resolveData from Cryptox Markets Pro and TradingView showed BTC/USD ending a period of sideways action
Read More
Former President Donald Trump has warned that the U.S. economy is facing “a much bigger problem than recession.” Noting that “We’ll have a depression,” he stressed: “We have to get this country going, or we’re going to have a serious problem.” Donald Trump on Economic Recession and Depression Former President Donald Trump
Read More