After the GDP data was released, pessimism appeared about interest rates cuts. This will likely increase pressure on btc and there's a high probability that we will test the 61000 level ones more…
FED SWAPS NO LONGER FULLY PRICE IN RATE CUT BEFORE DECEMBER
US GDP +1.6% RATE IN 1Q; CONSENSUS +2.4%
U.S PCE PRICES (Q1) ACTUAL: 3.4% VS 1.8% PREVIOUS
U.S GDP PRICE INDEX (QOQ) (Q1) ACTUAL: 3.1% VS 1.7% PREVIOUS; EST 3.0%
U.S CORE PCE PRICES (Q1) ACTUAL: 3.70% VS 2.00% PREVIOUS; EST 3.40%
After the GDP data was released, pessimism appeared about interest rates cuts. This will likely increase pressure on btc and there's a high probability that we will test the 61000 level ones more…
FED SWAPS NO LONGER FULLY PRICE IN RATE CUT BEFORE DECEMBER
US GDP +1.6% RATE IN 1Q; CONSENSUS +2.4%
U.S PCE PRICES (Q1) ACTUAL: 3.4% VS 1.8% PREVIOUS
U.S GDP PRICE INDEX (QOQ) (Q1) ACTUAL: 3.1% VS 1.7% PREVIOUS; EST 3.0%
U.S CORE PCE PRICES (Q1) ACTUAL: 3.70% VS 2.00% PREVIOUS; EST 3.40%
The messaging service and social-media platform owes creditors roughly $700 million by the end of April, according to people briefed on the company’s plans and loan documents viewed by The Wall Street Journal. At the same time, Telegram Group Inc. must cover rising equipment and bandwidth expenses because of its rapid growth, despite going years without attempting to generate revenue.
How Does Bitcoin Mining Work?
Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.
