The United States economy flagged its first major recession signal in the first quarter, when it expanded significantly less than anticipated.
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Microsoft and Apple contributed 2.3% of the index's approximately 8% total gains this year.
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Following a robust rally since the beginning of the year, BTC encountered significant resistance at $31,000 and fell below $28,000 prior to the weekend. Similarly to Bitcoin, Ethereum encountered significant resistance near the $2,100 mark, declining by more than 12 percent in the past week. If the bull market of 2023 is to persist, it may have to overcome some obstacles.
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The lack of significant news for the day provides investors with a much-needed reprieve from recent volatility.
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Central banks anticipate additional rate hikes in the near future, which will drive investors away from gold.
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Brian Armstrong, the chief executive officer of Coinbase, has indicated that the exchange may cease operations in the United States if the government fails to provide a viable regulatory framework. As the largest crypto exchange in the United States, its departure would have significant effects on the status of the crypto market in the United States and would likely result in the departure of several other companies in the industry.
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The new governor of the Bank of Japan, Kazuo Ueda, pledged to continue his predecessor's ultra-lax monetary policy.
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