How US recession fears are impacting crypto markets

Quick Summary:

A looming US recession and BoJ’s rate hike were responsible for the recent market losses.

Friday’s market pullback, which cut across global equities, was triggered by a weaker-than-expected US jobs report released after market hours.

Market confidence is growing that the Fed will now cut its benchmark interest rate by a warranted 0.5% in September instead of the initial 0.25% projection.

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Article Details

Author / Journalist: Sam Grant

Category: Crypto

Markets: United StatesJapanUkraine

Topics: Trading View Social Bitcoin News 1 News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 08:00:18 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 645 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 21953269

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 18 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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