"The squeeze on people's disposable incomes caused by high inflation has had a big negative impact on stocks & crypto markets."
"We're now in a highly volatile economic environment, so it's almost impossible to look much further ahead with any degree of confidence."
"We don't need a return to economic growth to kick-start the crypto market, we need a recovery in the Nasdaq index of tech stocks."
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If a recession isn’t here already, many economists estimate that it is coming very soon. The largest in the world, the US economy contracted by 1.6% in the first quarter of the year, and even if it somehow doesn’t contract in the second quarter, a growing number of economists are predicting a recession for 2023.
There’s no doubt it’s a bad time for the global economy right now, with inflation reaching 40-year highs and central banks threatening a series of rate hikes. It’s also a bad time for the crypto market, seeing as how prices have fallen steeply around the same time that...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...