{"id":18297,"date":"2023-02-23T16:17:48","date_gmt":"2023-02-23T16:17:48","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/02\/23\/us-gdp-growth-slows-in-q4-bitcoin-price-to-fall-further\/"},"modified":"2023-02-23T16:17:49","modified_gmt":"2023-02-23T16:17:49","slug":"us-gdp-growth-slows-in-q4-bitcoin-price-to-fall-further","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/02\/23\/us-gdp-growth-slows-in-q4-bitcoin-price-to-fall-further\/","title":{"rendered":"US GDP Growth Slows In Q4, Bitcoin Price To Fall Further?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/breaking-us-gdp-growth-slows-in-q4-bitcoin-price-to-fall-further\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>The U.S. gross home product (GDP) for the fourth quarter elevated at an annual price of two.7%, barely beneath the two.9% estimates.<\/p>\n<p>According to the U.S. Bureau of Economic Analysis (BEA), the financial development <a rel=\"nofollow noopener\" href=\"https:\/\/www.bea.gov\/news\/blog\/2023-02-23\/gross-domestic-product-fourth-quarter-2022-and-year-2022\" target=\"_blank\">slowed<\/a> within the quarter towards 3.2% within the earlier quarter. Consumer spending rose 1.4%, the least since Q1 2022 and beneath 2.1% within the advance estimate. Spending on items went down 0.5%, revised from an preliminary estimate of a 1.1% rise.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>The U.S. inventory market went up with all three Dow Jones, S&amp;P 500, and Nasdaq rising greater. Traders anticipate additional will increase amid sturdy earnings and decrease price hikes.<\/p>\n<p>The weaker-than-expected financial development is anticipated to push the <a href=\"https:\/\/coingape.com\/glossary\/federal-reserve-system\/\" target=\"_blank\" rel=\"noopener\">U.S. Federal Reserve<\/a> to stay to a small price hike within the subsequent FOMC assembly on March 21-22. The FOMC Minutes launch for the February assembly hinted at a barely dovish sentiment, however price hikes are anticipated to proceed.<\/p>\n<h2>Bitcoin Price Remains Strong in Slow US GDP Growth<\/h2>\n<p>Crypto analyst Michael van de Poppe believes U.S. GDP got here in decrease than anticipated, however nonetheless optimistic at 2.7%. The worry of recession is prevented for now, however optimistic knowledge wants to enhance. He additionally stated that the financial system is slowly bettering, which is a superb signal for the continuation of the markets. He predicts <span class=\"link-complex-target\">Bitcoin<\/span> at $30K.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Bitcoin value at the moment trades at $23,958, up 1% within the final 24 hours. The <a href=\"https:\/\/coingape.com\/price\/bitcoin\" target=\"_blank\" rel=\"noopener\">BTC price<\/a> stays unstable amid the uncertainty within the crypto market.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Moreover, U.S. Dollar Index (<a rel=\"nofollow noopener\" href=\"https:\/\/www.marketwatch.com\/investing\/index\/dxy\" target=\"_blank\">DXY<\/a>) additionally stays unstable because the market tries to stabilize after the U.S. This fall GDP report. However, the DXY nonetheless stays excessive, limiting Bitcoin value for an extra transfer above $25K.<\/p>\n<p>Other cryptocurrencies together with <a href=\"https:\/\/coingape.com\/tag\/Ethereum\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a>, BNB, Polygon, <a href=\"https:\/\/coingape.com\/tag\/solana\" target=\"_blank\" rel=\"noopener\">Solana<\/a>, and different stays steady.<\/p>\n<p><strong>Also Read: <a href=\"https:\/\/coingape.com\/ethereum-price-to-hit-2000-after-fomc-data-popular-analyst-predicts-best-level-to-buy\" target=\"_blank\" rel=\"noopener\">Ethereum Price To Hit $2,000? Popular Analyst Predicts Best Level To Buy<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA140227\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his data about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment protecting all the most recent updates and developments within the crypto trade.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD140227\">\n<p>  The introduced content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any accountability to your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/breaking-us-gdp-growth-slows-in-q4-bitcoin-price-to-fall-further\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The U.S. gross home product (GDP) for the fourth quarter elevated at an annual price of two.7%, barely beneath the two.9% estimates. According to the U.S. Bureau of Economic Analysis (BEA), the financial development slowed within the quarter towards 3.2% within the earlier quarter. Consumer spending rose 1.4%, the least since Q1 2022 and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[20,1835,3318,1467,110,1765],"class_list":["post-18297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-fall","tag-gdp","tag-growth","tag-price","tag-slows","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=18297"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18297\/revisions"}],"predecessor-version":[{"id":18298,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18297\/revisions\/18298"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/14827"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=18297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=18297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=18297"}],"curies":[{"nam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