2022-7-30 15:43 |
Cryptocurrency market analysts unpack the ramifications of consecutive quarters of negative GDP growth in America.
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Juan Leon, a senior crypto research analyst at Bitwise, thinks the dual demand for AI and crypto will impact the global economy more than the public predicts. Any observer of the crypto industry or Wall Street has likely noticed that…
BTC price encounters classic resistance as sellers refuse to let Bitcoin crack through its November ceiling.
BTC price action gives analysts reasons to be bearish, while Bitcoin shuns volatility from the day’s macro triggers.
The 90-day correlation coefficient between the two has declined to -0.70 from -0.11 four weeks ago, hinting at a strong inverse relationship.
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?
Bitcoin cooled off after jumping to its highest levels in nearly two months, when it was up as much as $9,478. Yet, stakeholders say crypto interest remains strong.