The bitcoin price is up 0.4% at $20,910, recovering somewhat from a $1,000 plunge after a crypto exchange co-founder was arrested on Wednesday, and weak US data pointed to an economic hard landing.
Although there was good news on wholesale inflation in the US yesterday, the shock retail sales figures reminded market participants that a recession is coming, if not already here.
That, combined with weak factory output data, capped off a week that sees US manufacturing …
Read More: Why the Bitcoin Price Rally is Stalling on Mixed Rates and Growth Outlook, DOJ Action – But Will Climb Again
Although there was good news on wholesale inflation in the US yesterday, the shock retail sales figures reminded market participants that a recession is coming, if not already here.
That, combined with weak factory output data, capped off a week that sees US manufacturing …
Read More: Why the Bitcoin Price Rally is Stalling on Mixed Rates and Growth Outlook, DOJ Action – But Will Climb Again
