Market Analysis
Germany and Ireland Officially Tip Eurozone Economy into Recession
On an annual basis, eurozone's economy saw a contraction of 0.4% in Q1 2023.
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
BTC$62,495.00-2.10%
ETH$1,662.50-3.31%
USDT$0.99890.00%
USDC$0.9998-0.01%
XRP$1.11-1.51%
SOL$69.43-3.23%
TRX$0.329-1.30%
FIGR_HELOC$1.03-0.16%
HYPE$62.14-5.95%
DOGE$0.0788-3.89%
USDS$0.9997+0.01%
RAIN$0.0156-2.27%
LEO$9.54+0.05%
ZEC$416.96-5.64%
XLM$0.1953-3.57%
Trump's 2nd term is likely just the beginning, as other economies are comparatively weaker.
On an annual basis, eurozone's economy saw a contraction of 0.4% in Q1 2023.
Bitcoin is up almost 7% at $26,735 amid persisting core inflation in the eurozone and escalating banking turmoil.
While annual inflation has dropped in the eurozone, consumer prices still grew at a slightly faster pace than initially estimated.
Inflation in the euro area hit a new all-time high of 10% in September, driven by colossal energy and food costs.
Although historically ominous, this year's September is poised to be even worse for Bitcoin.
Soaring energy prices accounted for almost half of the eurozone's record inflation of 8.6% in June.