Crypto Prices Boom Amid Recession Fears

Crypto prices boom as the recession fear prevails.

Bitcoin and other token prices including top ten coins Ethereum, BNB, XRP, Cardano, Solana, and Dogecoin have boomed this week.

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BTC price, after a crash through the beginning of 2022, has surged from $20,000 to $25,000.

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Ethereum has skyrocketed higher as excitement builds over its looming upgrade and cofounder Vitalik Buterin revealed his "surge" expectations.

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US economy has recorded two consecutive periods of contraction.

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Seeing this technical indicator of recession analysts predict the Fed could its interest rate hikes in the next announcement.

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Some Reddit users have stated that Markets and crypto pumped because the FED made it seem like rate hikes will come slower and possibly not be extreme in the future.

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The stock market pumped after both bad news (GDP, rate hike) now crypto is also following a similar pattern.

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