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Latest GDP Data and Its Impact on the Crypto Market: Bullish or Bearish?
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The U.S. economy grew at an annual rate of 2.4% in Q4 2024, down from 3.1% in the previous quarter. For the full year, GDP expanded by 2.8%, slightly lower than the 2.9% growth in 2023. However, rising inflation remains a concern, with the Personal Consumption Expenditures (PCE) price index increasing to 2.4%. The Federal Reserve has maintained interest rates but projects slower economic growth and persistent inflation in 2025, raising fears of stagflation.
Crypto Market Outlook: Bullish or Bearish?
This GDP data presents mixed signals for crypto investors. Slower economic growth and rising inflation often lead investors to seek alternative assets like Bitcoin and Ethereum as hedges, potentially fueling a bullish crypto market. However, if economic uncertainty leads to increased risk aversion, investors may shift funds away from volatile assets like crypto, triggering a bearish trend.
Overall, the crypto market's response will depend on broader investor sentiment and regulatory developments. If inflation concerns persist and traditional markets weaken, crypto could see a bullish rally. Conversely, if economic fears drive cautious investing, a bearish phase may follow.
#GDPNow
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The U.S. economy grew at an annual rate of 2.4% in Q4 2024, down from 3.1% in the previous quarter. For the full year, GDP expanded by 2.8%, slightly lower than the 2.9% growth in 2023. However, rising inflation remains a concern, with the Personal Consumption Expenditures (PCE) price index increasing to 2.4%. The Federal Reserve has maintained interest rates but projects slower economic growth and persistent inflation in 2025, raising fears of stagflation.
Crypto Market Outlook: Bullish or Bearish?
This GDP data presents mixed signals for crypto investors. Slower economic growth and rising inflation often lead investors to seek alternative assets like Bitcoin and Ethereum as hedges, potentially fueling a bullish crypto market. However, if economic uncertainty leads to increased risk aversion, investors may shift funds away from volatile assets like crypto, triggering a bearish trend.
Overall, the crypto market's response will depend on broader investor sentiment and regulatory developments. If inflation concerns persist and traditional markets weaken, crypto could see a bullish rally. Conversely, if economic fears drive cautious investing, a bearish phase may follow.
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Cathie Wood Predicts Economic Boom Thanks to AI – Reality or Just an Illusion?
Cathie Wood, CEO of ARK Invest, believes that the US economy is about to end a "recession cycle" and is moving towards a period of productivity boom thanks to artificial intelligence (AI) and breakthrough technology.
Despite the economy showing signs of weakening, she remains optimistic that GDP growth could reach 7.3%, double the historical average. However, her views face significant skepticism from the investment community.
Despite the economy showing signs of weakening, she remains optimistic that GDP growth could reach 7.3%, double the historical average. However, her views face significant skepticism from the investment community.
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#BTC Bitcoin bounced back last night to around 117000 and has now reached a maximum of 118200, rebounding by 1200 points. The rebound is still relatively weak. The intraday resistance for Bitcoin is at 118500-119300. If it rebounds to these resistance levels, it can be sold short in batches. If it breaks 119500, hold the stop loss. Take profit below 117500 before exiting. For support, pay attention to 117000, 116000, and 115000. Every drop of 1000 points is a support level.
There are quite a few news items tonight, so regardless of long or short positions, don't be too aggressive in the short term. If you make a profit and hit some take-profit points, it’s best to exit.
#美联储利率决议即将公布 There is a Federal Reserve interest rate decision at 2 AM tonight.
#GDPNow The second-quarter GDP data will be released at 20:30 tonight. Currently, market predictions for the data are still good. If the release is positive, there could be a surge followed by a pullback.
The market has been relatively difficult to trade these past two days. Today's news is abundant, and with the end of the month approaching, the index will need to close the monthly line. Be cautious when opening positions, and remember to set stop losses.
There are quite a few news items tonight, so regardless of long or short positions, don't be too aggressive in the short term. If you make a profit and hit some take-profit points, it’s best to exit.
#美联储利率决议即将公布 There is a Federal Reserve interest rate decision at 2 AM tonight.
#GDPNow The second-quarter GDP data will be released at 20:30 tonight. Currently, market predictions for the data are still good. If the release is positive, there could be a surge followed by a pullback.
The market has been relatively difficult to trade these past two days. Today's news is abundant, and with the end of the month approaching, the index will need to close the monthly line. Be cautious when opening positions, and remember to set stop losses.
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