Bitcoin

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 <h2 id="bitcoin-price-stands-in-crucial-trading-zone">Bitcoin Price Stands In Crucial Trading Zone</h2> 
 <p>Michaël van de Poppe, Founder of MN Trading mentioned that <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price went on to reject the crucial area around the $29,700 level in the pursuit of breaching the $30k price level. After the important FOMC Announcement, the market is bracing itself to witness the US real Gross Domestic Product (GDP). However, the Federal Reserve’s recent interest rate hike has pushed benchmark borrowing costs to their highest level in over 22 years.</p>  
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 <p>The trader expects that if these GDP and PCE numbers turn out to be fine and in line with expectations then the <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price will blast through $30K. However, in order to regain the anticipated price level BTC might need to take a hit and trade at some lower levels.</p> 
 <h2 id="us-gdp-accelerates-to-2-4">US GDP Accelerates To 2.4%</h2> 
 <p>According to the US Bureau of Economic <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (BEA) first estimate, the real Gross Domestic Product (GDP) of the US grew at an annualized rate of 2.4% in the second quarter. This figure surpassed market expectations of 1.8% by a significant margin and was higher than the 2% growth recorded in the first quarter.</p>  
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 <p><a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price is marginally up by 1% in the last 24 hours. BTC is trading at an average price of $29,479, at the press time. Its 24 hour trading volume jumps by 27% to stand at $13.2 billion.</p> 
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US GDP Grows To 2.4% in Q2; Will Bitcoin Price Regain $30k?

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