Bitcoin stable at $ 23,000 because the US BIP exceeds expectations in the 4th quarter of 2022

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Von: Krypto News Österreich

The largest economy in the world has just announced the GDP numbers for the last quarter of 2022, which show a moderate but declining growth compared to the third quarter

In contrast to most earlier statements from the United States, it brought little to no direct volatility to the cryptoma market, whereby BTC is still over 23,000.

  • The total expectations before the GDP figures for the 4th quarter of 2022 claimed that the country's economic growth had slowed down over the past three months of last year. Q3 recorded an increase of 3.2 %, while the estimates for Q4 now provided 2.6 %.
  • Despite the Halloween and Christmas holidays, retail sales had decreased, which shows a lower trust of consumers.
  • The actual numbers were somewhat higher - with 2.9 % instead of the estimated 2.6 %. Thus, growth in Q4 has slowed down, but not as strong as expected.
  • The unemployment claims were Lower than the estimated-186,000 compared to 205,000.
  • Since it is the largest economy in the world, almost all data usually leads to immediate volatility for the stock and cryptom markets. While the former still has to be opened in the States, the latter reacted at least for the time being with minor price movements.
  • Bitcoin was $ 23,200 after yesterday's fluctuations and slipped by a few hundred dollars after the numbers were released. However, almost all losses made up for almost quickly and is traded over $ 23,000 at the time of the writing of these lines.

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