Economic Turmoil: Crypto Market Loses 25% Of Value As Recession Worries Mount
The crypto market is experiencing a significant downturn this week, driven by growing concerns over a potential trade war and disappointment surrounding the US government’s crypto reserve plans. A recent interview with President Donald Trump, in which he hinted at the possibility of a recession, has further unsettled investors. Crypto Market Plummets: XRP, Solana, And Cardano Follow Bitcoin’s Downtrend Bitcoin, the flagship cryptocurrency, has fallen nearly 4% in the last 24 hours, dropping toward the $79,000 mark—a level not seen since mid-November. Ethereum (ETH), has taken a....
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As if external fundamentals related to geopolitical tensions and worries of economic recession weren’t enough, the crypto industry has been bleeding due to internal factors. Earlier in May, TerraUSD (UST), the largest algorithmic stablecoin by market cap, collapsed and is now trading at only eight cents, even though it was supposed to maintain a 1:1 […]
With the current fiat based economy, no one can escape recession. The threat of recession has been constantly looming over the heads of major economic powers like the United States for over a decade now. Recession is caused by uncontrolled rise in deflation resulting from falling market demand. The fall in demand, if left unchecked can create a domino effect resulting in a massive decline in a nation’s GDP. The Great Recession of 2008-09 is one of the best examples of how a recession can affect not just the governments and big corporations, but individuals as well. Governments and Central....
Financial markets all over the world are faced with daily turmoil, and the compounding worries about European banks are only adding more fuel to the fire. Big banks have not been healthy for several years now, and things have not improved by much since the 2007 financial crisis. A combination of bank stocks crashing hard and looming worries about some banks defaulting on their debts will herald a new era of recession. Bitcoin seems to be among the only ways out, and embracing the popular digital currency is slowly becoming a necessity. People living both inside out and outside of the....
After the first day of Bitcoin Amsterdam, it’s clear that Bitcoiners remain optimistic and convicted despite global economic turmoil.
The US economy could be headed for another recession soon. Barely seven years after the last great recession, several economic indicators point to a renewed downturn possible in the near future. According to a report by CNBC, investment is down across the board, including specifically in farm machinery, while transportation sales have stalled. These indicators are usually a good predictor of a recession, and investors look to them when gauging future financial decisions. To make matters worse, Citigroup now predicts that, in the event that Donald Trump wins the presidential election in....