Bitcoin price at risk? US Dollar index confirms bullish ‘golden cross’
Concerns over the U.S. dollar’s impact on Bitcoin may be overstated by investors, particularly in the longer term. Go to Source
gdp
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Persistent macro headwinds could delay Bitcoin bull market — ARK Invest
Several macroeconomic indicators suggest that bearish headwinds could strengthen during the remainder of 2023 and possibly negatively impact the crypto market. Go to Source
This bearish technical pattern hints at a double digit drop in Bitcoin price
Inflation concerns and the U.S. debt standoff cast a long shadow over Bitcoin’s dwindling bullish prospects. Go to Source Powered by WPeMatico
Bitcoin losing its 200-week trendline puts $20K in play — BTC price analysis
BTC price action gives analysts reasons to be bearish, while Bitcoin shuns volatility from the day’s macro triggers. Go to Source Powered by WPeMatico
No Rate Hikes in Russia, Central Bank Keeps Interest Rate Level Again
Bank of Russia decided to maintain the interest rate at 7.5% amid moderate inflation, estimated at 2.5% on an annual basis in April, although this may change later this year. The monetary authority improved its forecast for the Russian economy and now expects growth entirely in positive figures, up to 2.0% for 2023. Bank of … Read more
Ether price holds $1,820, but pro traders are skeptical about further gains
Ether traders have been neutral-to-bearish for the past week, indicating little confidence in ETH breaking above $2,000. Go to Source Powered by WPeMatico
US GDP misses goal as Bitcoin price seeks to erase ‘ultra nasty’ 7% dip
A brisk slowdown in GDP fails to offer any direction for crypto markets, with Bitcoin slowly claws back lost ground below $30,000. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: ETH Back Above $2,100, as BTC Rebounds From 1-Week Low
Ethereum moved back above $2,100 on Tuesday, as markets reacted to the latest gross domestic product (GDP) report from China. Chinese GDP rose by 4.5% during the first quarter of the year, higher than the 4% expected. Bitcoin rebounded from earlier losses. Bitcoin Bitcoin (BTC) rebounded from a one-week low on Tuesday, as markets reacted … Read more
How does the economy work?
The economy is a system of producing and exchanging goods and services in a society. Go to Source Powered by WPeMatico
Central Bank of Venezuela Lags in Delivering Economic Data, Experts Fear Upcoming Hyperinflation
The Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyperinflation period, with the government trying to hide it by not offering … Read more
