Price Of Bitcoin Fell 2.26% To 23,054.1 Doles

(CTN NEWS) – Today (Jan. 27) at 5:30 a.m., Bitcoin traded on Investing.com and decreased. $23,054.1 was transferred by 2.26%.

This morning’s downward movement in bitcoin prices followed the Dow Jones Industrial Average.

The closing price on Thursday, January 26, increased 205 points as investors reduced their worries about a U.S. recession. after the release of GDP numbers and higher-than-anticipated orders for durable goods.

Investors also recognized American Airlines and Tesla for their excellent results.

The S&P 500 increased by 44.21 points, or 1.10%, to close at 4,060.43 points, while the Nasdaq increased by 199.06 points, or 1.76%, to close at 11,512.41.

The Dow Jones Industrial Average increased by 205.57 points, or 0.61%, to conclude at 33,949.41 points.

After expanding by 8.3% in Q2 and 2565.2% in the first quarter of this year, the U.S. economy gained 2565.2% in the preliminary estimate of GDP for Q1/4 provided today by the U.S. Department of Commerce.

Consumer spending after the quarter helped the economy grow in the fourth.

Investors’ worries about the US recession were reduced after the release of these GDP numbers.

The United States entered a technical recession after the economy shrank by 0.6% in Q2 of 2015 and 1.6% in Q1 of that year.

Additionally, after peaking at 5.9% in 2564, the US economy expanded by 2.1% in 2565.

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