Outlook – DIGIT INFO

Goldman Sachs Raises US Recession Risk to 25%

DIGIT — Mon, 05 Aug 2024 19:10:48 +0000

Global investment bank Goldman Sachs has increased the likelihood of a U.S. recession within the next year to 25% from the previous 15%, although they maintain that the risk remains limited. Despite the recent rise in unemployment to its highest in nearly three years and a significant slowdown in hiring, Goldman economists, led by Jan […]

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Study: 55% of Americans Believe They Will Lose It All if a Recession Hits the United States

DIGIT — Thu, 16 Feb 2023 07:00:25 +0000

According to a recent study by Clever, a real estate data company, nearly three out of four Americans worry there will be a recession this year, and 69% of the research participants say the U.S. is already in a recession. What’s worse, 55% of the study’s respondents said they would lose everything if a recession […]

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World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

DIGIT — Wed, 11 Jan 2023 05:30:55 +0000

On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. […]

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Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hike Gives Bears the Advantage

DIGIT — Mon, 10 Oct 2022 20:30:06 +0000

Ten days into October, and ahead of this Wednesday’s U.S. inflation report, bitcoin prices fell to a one-week low. Prices of the world’s leading crypto asset were mostly in the red during September, trading below $20,000 for the majority of the month. As of writing, bitcoin continues to hover at these lows, with many traders […]

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Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms

DIGIT — Fri, 08 Jul 2022 18:15:11 +0000

During the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining weeks of the month, questions still linger on if this momentum can be maintained, despite the current uncertainty in the market. Bitcoin’s Current Market […]

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Bitcoin Price Outlook for June — Market Conditions Show Uncertainty

DIGIT — Fri, 10 Jun 2022 18:00:02 +0000

Ten days into June, bitcoin continues to trade lower, with prices hovering close to a twelve-month low. Despite this, there continues to be optimism around potential rallies in price over the next few weeks. Overall, there is still a lot of uncertainty in the market, with the potential for either bullish or bearish runs in […]

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Solana Captures Fresh All-Time Highs, SOL Joins the Top Ten Crypto Assets by Market Cap

DIGIT — Tue, 17 Aug 2021 13:30:15 +0000

During the last few weeks, a crypto asset called solana has been making its way up the charts and has made it into the top ten cryptocurrencies by market capitalization. Solana reached an all-time price high on Monday, capturing $74 per unit and an 80% gain over the course of the week. In addition to […]

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Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes

DIGIT — Tue, 20 Jul 2021 13:16:34 +0000

The price of bitcoin has slid under the $30K zone on Tuesday, dipping to $29,300 per unit during the early morning trading sessions (EDT). The global cryptocurrency market capitalization of all the crypto coins in existence is $1.19 trillion as it decreased by more than 6% in the last day. Bitcoin’s Market Cap Sees $19 […]

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Bitcoin’s Value Dropped 8% This Week, Analyst Says Equities Correction Could Impact Crypto

DIGIT — Mon, 19 Jul 2021 15:15:55 +0000

Digital currency markets have slipped in value this week as bitcoin has shed more than 8% of its value over the last seven days. The entire market capitalization of all 10,000+ crypto assets has also dropped 3.4% in value to $1.25 trillion on Monday. Crypto markets are following the trend of large drops seen across […]

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Analyst: ‘Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While’

DIGIT — Sun, 18 Jul 2021 15:30:07 +0000

The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist, Julio Moreno, highlighted in a recent blog post that “in bitcoin, volatility is […]

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