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Bitcoin Holds Above $40K Ahead of U.S. GDP, $5.8B Crypto Options Expiry
Traders have scaled back bets of aggressive rate cuts by the Federal Reserve ahead of the U.S. GDP report.
Bitcoin Supply on Exchanges Has Fallen to Lowest Level Since 2018: Analyst
Bitcoin (BTC) briefly topped $35,000 Wednesday for the second time this week, as U.S. GDP increased at an annual rate of 4.9% in the third quarter. Forex.com global head of research Matt Weller shares his crypto markets analysis, breaking down the implications of bitcoin's supply and its correlation with the Nasdaq 100. Plus, his outlook for a spot bitcoin ETF approval.
Bitcoin Circles Above $29.5K as Investors Weigh Sluggish GDP, Latest Banking Woes
BTC dipped slightly during U.S. morning trading Thursday on the Commerce Department reporting a tepid gain in GDP for the first quarter and disappointing personal consumption data, before rebounding.
Bitcoin's Negative Correlation With Dollar Index Strengthens Ahead of U.S. GDP Data
The 90-day correlation coefficient between bitcoin and the dollar index has slipped to -0.70 from -0.11 four weeks ago.
Bevy of Economic Data Barely Stirs Bitcoin, Ether
Bitcoin and ether trade flat on below-average volume after GDP contracts slightly and initial jobless claims exceed expectations.
Bitcoin Above $20K as GDP Increased at 2.6% Annual Rate in Q3
Bitcoin (BTC) is holding its ground above $20,000 as U.S. GDP accelerated at an annual rate of 2.6% in the third quarter. Eaglebrook Advisors Vice President of Research Joe Orsini joins “First Mover” to discuss his crypto outlook as the economy sees positive growth. Plus, insights on Meta's loss in revenue.
What's Driving Bitcoin's Bounce Near $21K?
Bitcoin (BTC) continues to trend higher Wednesday near $21,000, but what's behind this upward momentum? Paxos Head of Strategy Walter Hessert discusses his bitcoin analysis and outlook. Plus, insights into partnering with Mastercard to help banks offer crypto trading and the potential outcomes from the upcoming Q3 GDP data.
Bitcoin Outlook Ahead of Q3 GDP Report
CoinDesk Markets Managing Editor Brad Keoun discusses what he's watching for in the world of bitcoin (BTC), including the expected release of the U.S. economy's third-quarter gross domestic product (GDP) figures. Plus, CoinDesk U.S. Regulatory Reporter Cheyenne Ligon on what to expect from the world of crypto regulation.
Bitcoin Approaches $24K as US GDP Fell 0.9% In Q2
Bitcoin (BTC) rallies near $24,000 as recession fears linger. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day and explains how bitcoin is reacting to rising inflation and recent moves from the Federal Reserve.
Bitcoin's Next Move Amid Macro Headwinds
CoinDesk Managing Editor of Tech Christie Harkin and Markets Managing Editor Brad Keoun discuss what's to come in the world of bitcoin as crypto investors brace for the Federal Reserve's expected 75-basis-point rate hike and the July 28 announcement of U.S. Gross Domestic Product (GDP) for Q2. Plus, what to expect from CoinDesk's Sports Week.