Recession

In a new video analysis, popular crypto analyst Dan Gambardello delved into the potential future of the Cardano (ADA) price amidst the troubling forecasts of a US recession. With a significant following of 369,000 on YouTube, Gambardello highlighted the general unease among ADA holders and general crypto investors due to the ongoing economic discourse surrounding a potential recession. Will Cardano Bottom In December? He drew parallels between historical S&P 500 behavior and current market conditions, noting, “On average the S&P…

The post US Stock Market’s Hints At Recession, Bitcoin Crash Imminent? appeared first on Coinpedia Fintech News There is a link between broader cryptocurrency and the US Stock Market, although the correlation may not be super strong. Often when one goes up, the other goes up too and if Bitcoin does go up, altcoins follow too, although there is some delay. But if the US stock market falls into recession, could it affect Bitcoin and the broader crypto market? Read…

The Bitcoin market experienced a major downturn earlier this week attributed to concerns regarding the US economic outlook and increased volatility in the broader financial markets. Notably, Ethereum’s performance lagged, potentially influenced by heightened futures market activity and selling pressure from select large holders. Despite these challenges, asset manager and exchange-traded fund (ETF) issuer Grayscale remains optimistic about the potential for token valuations to rebound if the US economy continues on a trajectory toward a “soft landing.” Even in a…

Bitcoin (BTC) topped the list in negative flows last week as digital asset investment products saw outflows totaling $528 million. The turnout preceded the ongoing crypto market crash, with BTC still on the frontline. Crypto markets continue to bleed, starting the week off badly. Nevertheless, the crash may provide an opportunity for willing investors to buy the dip. Bitcoin Saw $400 Million Outflows Last Week With total crypto investments outflows reaching $528 million, Bitcoin led the negative flows with $400…

The post Crypto Market Crash: Early Signs of Recession as Fed Maintains Tightening appeared first on Coinpedia Fintech News Crypto is down due to the Fed delaying rate cuts, heightened tensions in the Middle East, and a lower likelihood of “crypto president” Donald Trump being elected in November. Austin from Altcoin Daily highlights an alarming crash scenario looming on the horizon. Over $2.9 trillion has been wiped out from the stock market, marking the worst single-day loss since the 2020…

The post Crypto Market Crash Alert? Expert Warns of BRUTAL Recession Risk by 2024 appeared first on Coinpedia Fintech News Macroeconomist Henrik Zeberg has issued a stark warning: the United States may face a severe recession within the next two years. Using historical data and market indicators, Zeberg predicts that this downturn could be the worst since the Great Depression of 1929. Terrifying, right? Here’s all the information you need to know. Historical Patterns Indicate Trouble In a recent post…

Federal Reserve Chair Jerome Powell reassured the nation, asserting a strong stance against the looming fear of recession, while Bitcoin gains as a hedge. Powell’s confidence stems from analyzing current economic data and trends, disassociating from political influences often cloud economic forecasts. This assertion comes amidst a climate of skepticism toward monetary policy’s role in ensuring long-term economic stability. Recession Is Unlikely This Year Jerome Powell’s declaration aligns with his previous comments, underscoring the Federal Reserve’s commitment to data-driven decisions.…

An economic recession is a period that is characterized by a slowdown in the level of economic activities. There is a massive fall in both individual and government spending, and the situation can last for more than a few months. According to the macroeconomic view of a recession, it occurs when a negative GDP records for two consecutive quarters. Business cycles contract and there is a general excess in supply of goods, increased unemployment levels as firms scale down expenses,…

People usually compare the cryptocurrency market to the traditional market. Bitcoin is volatile thereby making it a challenge for the investors in equity or other asset class. In spite of the volatility, Bitcoin and cryptocurrencies have been able to attract institutional investors over the previous 12 to 18 months. Nevertheless, the uncertainty that reflects in the traditional market has contributed to the achievement. On May 5, Kevin Kelly of Delphi Digital featured in the recent episode of Block Crunch. He noted that…