Bitcoin beats falling US GDP growth trend as Q1 data risks stagflationary economy
Bitcoin's appeal as a macro hedge grows amid US economic slowdown and inflation concerns.
Happy Wednesday!
As the U.S. economy flirts with stagflation-slowing GDP growth and persistent inflation-Bitcoin is breaking away from traditional market trends, rallying as investors seek out macro hedges and alternative safe havens. Meanwhile, regulatory uncertainty lingers as the SEC delays decisions on five crypto ETFs, with analysts now eyeing October for final rulings. In a sign of growing mainstream acceptance, Nasdaq has filed to list a 21Shares Dogecoin ETF, expanding the ETF landscape beyond just Bitcoin and Ethereum. Dive into today's top stories shaping the next chapter of crypto.
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The global crypto market cap is $2.93 trillion, with a 24-hour volume of $81.32 billion. The price of Bitcoin is $94,012.44, and BTC market dominance is 63.8%. The price of Ethereum is $1,764.98, and ETH market dominance is 7.3%. The best-performing sector is eCommerce, which gained 2%. The Crypto Fear & Greed Index is currently Neutral (56).
Bitcoin beats falling US GDP growth trend as Q1 data risks stagflationary economy
Bitcoin's appeal as a macro hedge grows amid US economic slowdown and inflation concerns.
📰 Top News
SEC delays 5 crypto ETFs, analysts expect final rulings by October
Eric Balchunas and James Seyffart deemed the delays as expected, with SEC taking up to the last deadline to approve most altcoin-related ETFs.
Nasdaq files to list 21Shares Dogecoin ETF, signaling mainstream crypto acceptance
Nasdaq's application highlights emerging industry confidence in expanding beyond Bitcoin and Ethereum ETFs.
Trump-backed stablecoin USD1 hits over $1 billion market cap on BNB
Trump family-backed stablecoin USD1 surpasses $1 billion market cap on BNB amid surging demand.
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📈 Latest Insights
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Bitcoin beats falling US GDP growth trend as Q1 data risks stagflationary economy
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