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Daily Economic Reports

Bitcoin Dips to $109,000 as Trump’s Tariff Threats and Profit-Taking Weigh

Bitcoin Retreats from PeakBitcoin (BTC) declined to $109,110 on Friday, May 23, 2025, reflecting a 1.6% drop from its record high of $111,953.6 achieved on Thursday. The retreat was driven by profit-taking after a strong rally, coupled with significant overnight transfers, including over $670 million received by Coinbase Global. Despite …

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U.S. Dollar Falls Sharply as Fiscal Concerns Mount, Euro and Yen Strengthen on Growth and Inflation Data

The U.S. dollar extended losses on Friday, putting it on track for its worst weekly performance since early February, as concerns over Washington’s mounting fiscal risks deepened following the House’s approval of President Donald Trump’s sweeping tax and spending bill. At 05:00 ET (09:00 GMT), the Dollar Index — which …

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German Economy Beats Expectations in Q1 on Pre-Tariff Export Surge, but Momentum Seen as Temporary

Germany’s economy grew more than initially estimated in the first quarter of 2025, buoyed by a sharp rise in exports and industrial activity as firms rushed to ship goods ahead of looming U.S. tariffs, according to revised data released Friday by the federal statistics office. Gross domestic product (GDP) expanded …

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Wall Street Futures Stabilize, But Weekly Losses Loom Amid U.S. Debt Concerns and Tax Bill Uncertainty

U.S. stock index futures held steady in early trading Friday, following a volatile week dominated by fiscal concerns and political wrangling in Washington. At 05:55 ET (09:55 GMT), Dow Jones Futures edged down 10 points (-0.1%), while S&P 500 Futures inched up 3 points (+0.1%), and Nasdaq 100 Futures gained …

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Bitcoin Holds Near Record High as Stablecoin Optimism and ETF Inflows Sustain Momentum

Bitcoin hovered just below its all-time high on Friday, easing slightly amid profit-taking and large-scale wallet movements, but continued to enjoy strong support from bullish U.S. regulatory developments and persistent demand from institutional investors. As of 02:05 ET (06:05 GMT), Bitcoin traded at $110,827.50, down 0.6% from the previous session. …

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Stagflation Nightmare Grips US as Trump’s Tax Bill Sparks Debt and Asset Chaos

The US economy teeters on the brink of stagflation—surging inflation, stagnant growth, and rising unemployment—driven by President Donald Trump’s $3.8 trillion tax bill, passed by the House on May 22, 2025, and now awaiting Senate approval. With a $36.2 trillion debt pile, Moody’s Aa1 downgrade, and tariff-driven price hikes, markets …

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Bitcoin Soars to Record $111,875 as Trump’s Crypto Push Sparks Frenzy

Bitcoin surged to an all-time high of $111,875 on May 22, 2025, settling at $111,300, just hours before President Donald Trump hosted a high-profile crypto gala near Washington, D.C. The rally, fueled by Trump’s deregulatory stance and fears of global debt and economic instability, has reignited debate over bitcoin’s role …

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