First Mover Americas: No Recession for Bitcoin as U.S. GDP Shrinks, Zipmex Files for Bankruptcy
The latest price moves in crypto markets in context for July 28, 2022. Source
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Shrinks
BTC’s Lower Price Shrinks Bitcoin Mining Profits, Hashrate Remains Unaffected – Mining Bitcoin News
While bitcoin’s fiat value has dropped more than 70% below the all-time high recorded in November 2021, the price reduction has made it so miners are making fewer profits depending on the devices they operate. Despite miner profits sliding, Bitcoin’s hashrate has remained high coasting along at 180 exahash per
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US Economy Shrinks Unexpectedly, Amplifying Recession Fears
“Today’s numbers suggest that we are likely closer to a recession than previously thought,” said Joe Haggenmiller, head of markets at XBTO, a crypto finance firm. “It therefore stands to reason that if negative growth persists, the equity markets may suffer and bitcoin may as well because of its positive
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Market Wrap: Bitcoin Dips as Dominance Over Ethereum Shrinks
Bitcoin was down about 4% over the past 24 hours along with equities on Wednesday. The intraday sell-off occurred after the U.S. Federal Reserve pointed to a possible interest rate hike in March, which is sooner than many had expected.But despite the price dip, some analysts expect BTC will stabilize
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Macy’s Stock Shrinks as Firm Reports 20% Drop in Same-Store Sales
At the time of writing, Macy’s (M) stock is trading at $8.90 which means that it is 1.06% down.The stock of popular American Department store Macy’s Inc (NYSE: M) plummeted in the pre-market following the release of the company’s third-quarter 2020 results which shows a 20% decline in same-store sales.
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It’s a Tense Moment for Bitcoin (BTC) as US Economy Shrinks by 32.9%
Quick take:The US economy shrunk by 32.9% in the second quarter of 2020. This is the deepest decline since the US government started keeping records in 1947.Bitcoin’s fate tied to that of the stock markets, and the news of a contracting US economy might pause BTC’s rally. During the second quarter of
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Bitcoin Jumps 12% as Fed Keeps Money Flowing and US Economy Shrinks
Bitcoin's price jumped Wednesday by the most in six weeks, outpacing U.S. stocks, after the Federal Reserve pledged to keep pumping new money into markets and government data showed the economy sliding into recession.Bitcoin rallied 12% to $8,703 as of 19:30 UTC (3:30 p.m. Eastern time). The Standard & Poor's
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Novogratz’s Crypto Investment Firm Galaxy Digital Shrinks Workforce 15%
Galaxy Digital, the cryptocurrency merchant bank founded by Wall Street veteran Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said.The layoffs occurred across the board in early January, and all of the New York-based firm's business divisions – asset management,
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Altcoin Market Capitalization Shrinks Despite Volume Boost Since 2017
At present, the combined capitalization of the 2,022 crypto assets with a known market cap was roughly $222 billion.On Nov. 19, 2017, just weeks before the current all-time highs would be set for the price and capitalization of Bitcoin and the crypto market overall, the 985 tokens with a
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