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US GDP misses goal as Bitcoin price seeks to erase ‘ultra nasty’ 7% dip

April 27, 2023


Bitcoin stuck to $29,000 at the April 27 Wall Street open as United States gross domestic product (GDP) growth missed expectations.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD once again stagnant after flash volatility the day prior.

The largest cryptocurrency had liquidated over $300 million in long and short positions after a snap correction over claims that Mt. Gox and U.S. government Bitcoin had left their wallets.

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