GDP
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📊 #Bitcoin and the broader #cryptomarket remain volatile ahead of the US GDP report release.
$BTC is hovering around $60,670, with most top cryptocurrencies in the red.
A strong #GDP could mean stable interest rates, while a weak GDP might prompt rate cuts.
#Marketupdate #TrendingTopic
$BTC is hovering around $60,670, with most top cryptocurrencies in the red.
A strong #GDP could mean stable interest rates, while a weak GDP might prompt rate cuts.
#Marketupdate #TrendingTopic
Key events this week:
✅Wednesday (2PM ET) - #fomc minutes
✅Thursday (8:30AM ET) - #GDP report
✅Friday (8:30AM ET) - PCE index #inflation report
⚠️WARNING: Market volatility⚠️
‼️Trade with caution‼️
#crypto2023 #dyor
✅Wednesday (2PM ET) - #fomc minutes
✅Thursday (8:30AM ET) - #GDP report
✅Friday (8:30AM ET) - PCE index #inflation report
⚠️WARNING: Market volatility⚠️
‼️Trade with caution‼️
#crypto2023 #dyor
#Tokenization , #CBDCs poised to increase Hong Kong’s #GDP by $20.4 billion: study
Experts predict substantial economic growth in Hong Kong driven by tokenization initiatives and potential adoption of CBDCs. A pilot program, led by BCG, Hong Kong Telecom, and ZA Bank, explored tokenizing real-world assets like real estate, aiming to boost Hong Kong's digital economy.
BCG's analysis suggests integrating digital assets could increase Hong Kong's GDP by HK$160 billion (US$20.5 billion) by 2032, contingent on infrastructure development and regulatory support. Tokenization could unlock liquidity in assets worth up to $29 trillion, fostering growth in money distribution, Web3, and cross-border transactions.
Hong Kong is progressing with CBDC plans, completing the first phase of its e-HKD pilot and preparing for programmability and tokenization studies. While CBDCs advance, successes with stablecoins and tokenized deposits showcase Hong Kong's innovative experiments.
BCG's pilot involved blockchain-based tokenization of real estate and e-HKD settlements. Challenges include legal hurdles and complexities in registering transactions with off-chain land registries.
Source - coingeek.com
#CryptoNews🔒📰🚫 #BinanceSquareBTC
Experts predict substantial economic growth in Hong Kong driven by tokenization initiatives and potential adoption of CBDCs. A pilot program, led by BCG, Hong Kong Telecom, and ZA Bank, explored tokenizing real-world assets like real estate, aiming to boost Hong Kong's digital economy.
BCG's analysis suggests integrating digital assets could increase Hong Kong's GDP by HK$160 billion (US$20.5 billion) by 2032, contingent on infrastructure development and regulatory support. Tokenization could unlock liquidity in assets worth up to $29 trillion, fostering growth in money distribution, Web3, and cross-border transactions.
Hong Kong is progressing with CBDC plans, completing the first phase of its e-HKD pilot and preparing for programmability and tokenization studies. While CBDCs advance, successes with stablecoins and tokenized deposits showcase Hong Kong's innovative experiments.
BCG's pilot involved blockchain-based tokenization of real estate and e-HKD settlements. Challenges include legal hurdles and complexities in registering transactions with off-chain land registries.
Source - coingeek.com
#CryptoNews🔒📰🚫 #BinanceSquareBTC
Weak employment data, GDP growth revised downward😿
Like many times in the past year, 'bad news is good news' once again for stocks as weaker ADP and a downward GDP revision was seen as a positive for equities, helping the S&P 500 notch a 4th consecutive day of gains. US ADP registered a gain of 177k vs 195k expected, though the previous month was revised upward from 324k to 371k. On the GDP side, Q2 growth was revised down to 2.1% from 2.4%, despite upward bumps in consumption and services spending. Larger downward revisions in business fixed investment, non-residential spending, and the pricing components were responsible for the downdraft.
#GDP #SPX500 #consumption #service #employment
Like many times in the past year, 'bad news is good news' once again for stocks as weaker ADP and a downward GDP revision was seen as a positive for equities, helping the S&P 500 notch a 4th consecutive day of gains. US ADP registered a gain of 177k vs 195k expected, though the previous month was revised upward from 324k to 371k. On the GDP side, Q2 growth was revised down to 2.1% from 2.4%, despite upward bumps in consumption and services spending. Larger downward revisions in business fixed investment, non-residential spending, and the pricing components were responsible for the downdraft.
#GDP #SPX500 #consumption #service #employment
LIVENilesh Rohilla , Crypto Analyst
--
US GDP: ITS VERY SLOW GROWTH, BUT FED ALSO WANT IT, SOON MARKET SPECULATE FOR INTEREST RATE.. AS OF NOW NO NEED TO INCREASE INTEREST RATE OR MAX 25 BP IN MAY 3
#bitcoin #BTC #GDP #Binance #fomc
#bitcoin #BTC #GDP #Binance #fomc
European Economic Indicators Show Slower Growth and Falling Inflation Rates. 🇪🇺🏦
🇪🇺 European Core Consumer Price Index (CPI) (Monthly):
- No change, remains at 0.2%.
- Previous value: 0.2%.
🇪🇺 European Core Consumer Price Index (CPI) (Yearly) (Preliminary):
- Came in at 4.2%, in line with expectations, and below the previous figure of 4.5%.
- Initial prediction: 4.2%.
🇪🇺 European Consumer Price Index (Yearly Inflation Rate) (CPI Yearly) (Oct) (Preliminary):
- Lower than expected at 2.9%, falling below both previous data and forecasts.
- Forecast: 3.1%
- Previous: 4.3%
🇪🇺 European Consumer Price Index (CPI) (Monthly) (Preliminary):
- Lower than forecast, reported at 0.1%.
- Previous: 0.3%.
🇪🇺 European Gross Domestic Product (GDP) (Quarterly) (3rd Quarter) (Preliminary):
- Recorded a decrease of -0.1%, below the expected 0.0%.
- Previous: 0.1%.
🇪🇺 European Gross Domestic Product (GDP) (Yearly) (3rd Quarter) (Preliminary):
- Reported at 0.1%, falling short of the projected 0.2%.
- Forecast: 0.2%
- Previous: 0.5%
These economic indicators provide insight into the current state of the European economy, with some figures coming in below expectations and previous data. In particular, inflation rates have dipped, and GDP growth has slowed in the third quarter. These factors may have implications for the region's economic policies and financial markets in the near future.
#cpi #GDP #EuropeanUnion
🇪🇺 European Core Consumer Price Index (CPI) (Monthly):
- No change, remains at 0.2%.
- Previous value: 0.2%.
🇪🇺 European Core Consumer Price Index (CPI) (Yearly) (Preliminary):
- Came in at 4.2%, in line with expectations, and below the previous figure of 4.5%.
- Initial prediction: 4.2%.
🇪🇺 European Consumer Price Index (Yearly Inflation Rate) (CPI Yearly) (Oct) (Preliminary):
- Lower than expected at 2.9%, falling below both previous data and forecasts.
- Forecast: 3.1%
- Previous: 4.3%
🇪🇺 European Consumer Price Index (CPI) (Monthly) (Preliminary):
- Lower than forecast, reported at 0.1%.
- Previous: 0.3%.
🇪🇺 European Gross Domestic Product (GDP) (Quarterly) (3rd Quarter) (Preliminary):
- Recorded a decrease of -0.1%, below the expected 0.0%.
- Previous: 0.1%.
🇪🇺 European Gross Domestic Product (GDP) (Yearly) (3rd Quarter) (Preliminary):
- Reported at 0.1%, falling short of the projected 0.2%.
- Forecast: 0.2%
- Previous: 0.5%
These economic indicators provide insight into the current state of the European economy, with some figures coming in below expectations and previous data. In particular, inflation rates have dipped, and GDP growth has slowed in the third quarter. These factors may have implications for the region's economic policies and financial markets in the near future.
#cpi #GDP #EuropeanUnion
🚨 **Just In: Alert!** 🚨
Thai Prime Minister Projects $50 Billion Economic Boost and 5% GDP Increase with Digital Wallet Introduction! 💼📈💰
#DigitalWallets #Thailand #EconomicBoost #GDP #ThetaTawisin
Thai Prime Minister Projects $50 Billion Economic Boost and 5% GDP Increase with Digital Wallet Introduction! 💼📈💰
#DigitalWallets #Thailand #EconomicBoost #GDP #ThetaTawisin
LIVENilesh Rohilla , Crypto Analyst
--
Important Reminder: US GDP Due in next few hrs
⏰⏰⏰
Important Reminder: Q1 GDP report will come in 2 hr near 6pm IST, 8.30AM NY.
-Forecast is 2%, previous was 2.6%.
Gold price showing strength just before release of GDP data.
Number is Important bec market and economist are doing speculation on Recession. Some believe that US will face recession in next 1 year and some believe that Recession will be light.
GDP above 2% will be good, But these number indicate that growth will be slow due to high inflation and high interest rate.
Today data also create speculation for upcoming Interest rate hike. The Fed is likely to hike interest rates by a further 25 basis points next week, but expectations are growing that this will represent the peak, with rates set to start falling in the second half of the year.
#Bitcoin behave bullish during Banking Crises and now it will not easy to say that how Bitcoin will be behave in upcoming recession. FEW believe that Investor see Bitcoin as a alternate to Gold. This sentiment make BTC bullish. As per crypto Cycle and Bitcoin halving, BTC look a good asset for next 2-3 years.
In short term , Market react on GDP number, But we advise to see big picture instead of short term volatility..
Analyst: CryptoGranth
#GDP #FOMC #Binance #crypto2023
Important Reminder: Q1 GDP report will come in 2 hr near 6pm IST, 8.30AM NY.
-Forecast is 2%, previous was 2.6%.
Gold price showing strength just before release of GDP data.
Number is Important bec market and economist are doing speculation on Recession. Some believe that US will face recession in next 1 year and some believe that Recession will be light.
GDP above 2% will be good, But these number indicate that growth will be slow due to high inflation and high interest rate.
Today data also create speculation for upcoming Interest rate hike. The Fed is likely to hike interest rates by a further 25 basis points next week, but expectations are growing that this will represent the peak, with rates set to start falling in the second half of the year.
#Bitcoin behave bullish during Banking Crises and now it will not easy to say that how Bitcoin will be behave in upcoming recession. FEW believe that Investor see Bitcoin as a alternate to Gold. This sentiment make BTC bullish. As per crypto Cycle and Bitcoin halving, BTC look a good asset for next 2-3 years.
In short term , Market react on GDP number, But we advise to see big picture instead of short term volatility..
Analyst: CryptoGranth
#GDP #FOMC #Binance #crypto2023
1. #Billionaire venture capitalist #Chamath Palihapitiya dismisses concerns over the recent downgrade of the #US credit rating by Fitch, emphasizing that the United States still holds the world's most dominant economy.
2. Palihapitiya #views the downgrade as irrelevant and criticizes Fitch as a marginal credit-rating agency that is late to the conversation. He argues that the US debt to #GDP ratio is relatively favorable compared to other countries, like Japan.
3. He asserts that the US will remain a key economic force globally, making it unlikely for central banks to find a suitable alternative to the US dollar for their foreign reserves, and considers the focus on debt to GDP ratio as misleading in the broader economic context.
2. Palihapitiya #views the downgrade as irrelevant and criticizes Fitch as a marginal credit-rating agency that is late to the conversation. He argues that the US debt to #GDP ratio is relatively favorable compared to other countries, like Japan.
3. He asserts that the US will remain a key economic force globally, making it unlikely for central banks to find a suitable alternative to the US dollar for their foreign reserves, and considers the focus on debt to GDP ratio as misleading in the broader economic context.
The drag from fiscal and monetary policies on GDP will dissipate, and the market is satisfied with the economic outlook😊
After a final trough in Q4, GDP growth is expected to rebound to ~2% in 2024, driven by pickup in investment spending and residential investments to offset a still weak manufacturing sector and lack of fiscal impulse. Furthermore, the fiscal and monetary drag on GDP is expected to have fully gone through the system by the end of the year, so as long as the Fed doesn’t try to unexpectedly and forcefully try to muscle terminal rates higher in 2024, markets are comfortable with the forward economic outlook, with the extra benefit of a Fed with a lot of ammo to ease, should the situation demand it. On the flip-side, by all likely measures, US core CPI appears to be troughing above a 3% annualized level, still well above the Fed’s long-term target of 2%, with the recent bounce in oil prices adding upside risks in the near-term outlook. Furthermore, the market’s expectation of ‘long-term’ neutral rates appears to have permanently shifted up since the mid 2010s, and particularly out of covid, with the 10y5y rate proxy grinding up to decade highs of 4% versus a 2.5% average for much of the previous decade.
#BTC #cryptocurrency #crypto #GDP #CPI
After a final trough in Q4, GDP growth is expected to rebound to ~2% in 2024, driven by pickup in investment spending and residential investments to offset a still weak manufacturing sector and lack of fiscal impulse. Furthermore, the fiscal and monetary drag on GDP is expected to have fully gone through the system by the end of the year, so as long as the Fed doesn’t try to unexpectedly and forcefully try to muscle terminal rates higher in 2024, markets are comfortable with the forward economic outlook, with the extra benefit of a Fed with a lot of ammo to ease, should the situation demand it. On the flip-side, by all likely measures, US core CPI appears to be troughing above a 3% annualized level, still well above the Fed’s long-term target of 2%, with the recent bounce in oil prices adding upside risks in the near-term outlook. Furthermore, the market’s expectation of ‘long-term’ neutral rates appears to have permanently shifted up since the mid 2010s, and particularly out of covid, with the 10y5y rate proxy grinding up to decade highs of 4% versus a 2.5% average for much of the previous decade.
#BTC #cryptocurrency #crypto #GDP #CPI
The US economy continued to show its incredible resilience with the release of an unexpectedly strong initial claims print and remarkably positive 1Q GDP revision. This week’s initial jobless claims (+239k) came lower than every single Street estimate on Bloomberg, registering the largest claims drop since October 2021. Furthermore, 1st quarter GDP was raised to 2% vs 1.4% from preliminary estimates on strong consumer spending and net export adjustments.
Combined with the hotter-than-expected inflation in Spain and Germany, bond yields saw a forceful repricing which took 2yr yields higher by +16bp on the day, December 2024 OIS higher by +23bp, terminal yields to 5.40% (highest since SVB collapse), and the 2/10s curve reinverting back through -100bp.
#GDP
Combined with the hotter-than-expected inflation in Spain and Germany, bond yields saw a forceful repricing which took 2yr yields higher by +16bp on the day, December 2024 OIS higher by +23bp, terminal yields to 5.40% (highest since SVB collapse), and the 2/10s curve reinverting back through -100bp.
#GDP
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US GDP Growth Surpasses Expectations, Bitcoin Struggles Around $40,000 Amidst Crypto Futures Uncertainty
$BTC $ETH $SOL
The US recently reported a growth of 3.3% in gross domestic product (GDP), which was higher than economists' estimate of 2%.
This report comes in Q4 and shows that the economy is almost progressing with price growth of 3.4% in December.
Bitcoin, which crossed $40,000 yesterday morning, is now trading around $39,817. The cryptocurrency saw BTC trading volume of almost $30 billion yesterday, according to data from CoinGecko.
The US GDP report has come in the doldrums, but cryptocurrency futures worth billions are likely in the near future.
According to Derebit's Chief Commercial Officer Luuk Strijers, approximately $3.7 billion of BTC options notional open interest are about to expire, with a maximum pain level of $41,000. There is also approximately $2 billion of options notional open interest for ETH, in which the maximum pain level is $2,300.
Traders are reluctant to let their contracts expire yet, indicating a high level of activity in January and February expiries.
#GDP #BTC🔥🔥 #ETH #Ethereum
$BTC $ETH $SOL
The US recently reported a growth of 3.3% in gross domestic product (GDP), which was higher than economists' estimate of 2%.
This report comes in Q4 and shows that the economy is almost progressing with price growth of 3.4% in December.
Bitcoin, which crossed $40,000 yesterday morning, is now trading around $39,817. The cryptocurrency saw BTC trading volume of almost $30 billion yesterday, according to data from CoinGecko.
The US GDP report has come in the doldrums, but cryptocurrency futures worth billions are likely in the near future.
According to Derebit's Chief Commercial Officer Luuk Strijers, approximately $3.7 billion of BTC options notional open interest are about to expire, with a maximum pain level of $41,000. There is also approximately $2 billion of options notional open interest for ETH, in which the maximum pain level is $2,300.
Traders are reluctant to let their contracts expire yet, indicating a high level of activity in January and February expiries.
#GDP #BTC🔥🔥 #ETH #Ethereum