Bitcoin was trading down slightly at $20,500 on Thursday, while meme token dogecoin surged 12% on news that billionaire Elon Musk is getting close to completing his purchase of Twitter. LedesmaLyllah and godbole17 report.
is a broad-based index designed to measure the market capitalization weighted performance of the digital asset market subject to minimum trading and exchange eligibility requirements.The upper chart shows the spread between yields on the 10-year and three-month Treasury notes, going back over 20 years. The lower table shows the timeline of the Federal Reserve's previous interest rate hike cycles.
The yield spread has turned negative for the first time since March 2020, hinting at an economic recession ahead. The Fed's previous tightening cycles ended with the spread turning negative, as evident from the vertical lines on the upper chart.Read more about
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