HomeAltcoinsBitcoin Holding Steady Over $20K, Ether Is Flat, Dogecoin Soars

Bitcoin Holding Steady Over $20K, Ether Is Flat, Dogecoin Soars


Bitcoin Holding Steady Over $20K, Ether Is Flat, Dogecoin Soars

Bitcoin (BTC) drooped but was still trading comfortably over $20,000 as investors chewed over a surprising gain in the latest U.S. GDP report. The U.S. Commerce Department reported that gross domestic product rose 2.6% in the third quarter, instead of the projected 2.4% gain. The increase followed two consecutive declines that, according to traditional definitions, placed the economy in a recession and suggested the contraction would heighten. Central bankers have been trying to tame inflation without casting the economy into a steep recession. The latest GDP suggested their monetary hawkishness has yet to have a full impact. On Tuesday BTC topped $20,000 for the first time since Oct. 5.


Please enter your comment!
Please enter your name here


Never mind FTX — Fine arts institutions should still onboard to blockchain

The strategic adoption of blockchain technology still makes sense, regardless of the distraction FTX created for cryptocurrency. The reality is that blockchain technology...

NFT Steez and Victor Solomon chat about building in Web3 and the Metaverse

This week NFT Steez spoke to award winning artist Victor Solomon about basketball, the Metaverse, Web3 and his unique NFT collection. On Dec....

South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon’s former associates

Judge Hong Jin-Pyo reportedly said there was little risk of Shin Hyun-seong or other Terra associates destroying evidence related to the case against...

DeFi ecosystem still haunted by FTX contagion: Finance Redefined

Top-100 DeFi tokens saw a bullish wave with the start of the new month, but many DEX platforms are still haunted by FTX...

Most Popular