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Following a 6.8% decline in the Q1 GDP, China has recorded a growth in its economy in the second quarter. The country’s economy is recovering from coronavirus.After suffering losses in the first quarter (Q1) of 2020, China has revealed that its economy grew by 3.2% in the second quarter (Q2).
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Pantera's Dan Morehead and 10T Holdings' Dan Tapiero can't agree on our economic future. Even so, they think it bodes well for bitcoin Source
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Bitcoin started an upside correction after testing the $9,000 support against the US Dollar. BTC is now facing a strong resistance near the $9,300 and $9,400 levels.Bitcoin is recovering and it is trading above the $9,200 support level.The price is facing a few key hurdles near $9,300, $9,400, and the
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Bitcoin cash price declined heavily and tested the $225 support zone. BCH is currently recovering, but it is likely to face a strong barrier near the $248 and $250 resistance levels.Bitcoin cash price declined to a new monthly low at $225 against the US Dollar.The price is currently correcting higher
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Bitcoin is down more than 5% and it broke the key $9,300 support zone against the US Dollar. BTC traded as low as $9,089 and it is currently correcting higher towards hurdles.Bitcoin declined sharply after it was rejected one more time near the $10,000 level.There was a break below many
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The U.S. stock market is nearing its record high as retail investors show no signs of pulling back. Stocks bull Edward Yardeni says a V-Shape recovery is in the works. Investors are showing more confidence in stocks as the economy reopens. The U.S. stock market is nearing its all-time high as investors dismiss
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The major U.S. airlines have seen their stocks rise by double digits in under three weeks. Millennial investors on Robinhood now love American Airlines nearly as much as Tesla. The operating environment for carriers has improved slightly but not enough to justify an investment. A modest improvement in passenger traffic has seen the
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Unemployment data this week is anything but promising, suggesting a V-shaped economic recovery is a pipe dream. Continuing jobless claims show people aren’t being rehired. Salary cuts across the board mean even those who have a job have less to spend. U.S. jobless claims fell for a ninth straight week on Thursday, but
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The death of George Floyd ignited nationwide protests, which have been accompanied by more violent riots. Historically, riots of this scope indicate a shifting sentiment that eventually shows up in the economy and the stock market. This could be an ominous warning for the stock market recovery. America is burning. As the country
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Ethereum is holding the main $200 and $198 support levels against the US Dollar. ETH price is currently testing the 100 hourly SMA and struggling to continue higher above $205.Ethereum is facing a strong resistance near the $205 level and the 100 hourly SMA.The price is likely to accelerate higher
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