First Mover Americas: Bitcoin, Ether Sink Amid U.S. Stagflation Fears

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First Mover Americas: Bitcoin, Ether Sink Amid U.S. Stagflation Fears
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Jamie Crawley is a CoinDesk news reporter based in London.

Bitcoin was down around 2% at $62,345 at the time of writing, while ether was 4% lower at $3,170. The, a measure of the most liquid digital assets, was also down around 4%."The weaker than expected GDP print points to a more sluggish economy while the higher Core PCE warns of an inflation problem that continues to be a thorn in the Fed's side," QCP wrote in a note over the weekend.

At least two entities - DigitalX andVanEck - have applied to list such funds with the Australian Securities Exchange and another one is working on it, according to the report. ASX accounts for 90% of the Australian enquiry market. Its smaller rival Cboe Australia received an application to list a spot BTC ETF earlier this month from Monochrome Asset Management.

"The increase in trader count is driven by wallets trading at <$10 daily on Magic Eden and Tensor," crypto analytics newsletter OurNetwork said.award-winningin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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