BEA reports 3.8% GDP growth in Q2, a sharp rebound from Q1, but investors in both crypto and TradFi remain unconvinced. The Nasdaq and S&P 500 slipped slightly while major tokens fell, signaling skepticism despite ostensibly bullish economic indicators. Growing doubts about data authenticity, fueled by political interference concerns, may deepen market unpredictability. The US…
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In Brief US consumer confidence dips may pressure risk assets, influencing Bitcoin and Ethereum short-term price movements. Initial jobless claims signal labor market strength or weakness, impacting Fed decisions and crypto liquidity. PCE inflation data reveals spending trends and sticky prices, shaping long-term Bitcoin appeal as a hedge. Crypto traders have three US economic signals…
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In Brief US economic indicators, including LEI, Services PMI, and Manufacturing PMI, could impact Bitcoin’s price, potentially dampening investor sentiment. A stronger US dollar from positive services data might limit Bitcoin’s appeal, while weak manufacturing signals could weigh on risk appetite. Declining jobless claims and low consumer sentiment suggest a bearish outlook for Bitcoin, though…
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