Search results for Bureau of Economic Analysis
Crypto
Bitcoin holds near $64,500 as markets stay cautious despite cooling U.S. PCE
Bitcoin held around $64,500 on July 30, moving in tandem with a rebound in U.S. stocks as risk sentiment improved after U.S. PCE data met expectations and a semiconductor selloff eased. June PCE rose 3.7 percent year on year, slowing from May, and fell month on month for the first time since 2020. Still, analysts cautioned inflation remains well above the Fed’s 2.0 percent target.
Crypto
Institutions flock to Polymarket and Kalshi as retail profits drop in prediction markets
Easy profit opportunities that retail traders once enjoyed on prediction markets Polymarket and Kalshi are rapidly shrinking as institutions, market makers, quant managers, funded trading firms and AI agents enter the space. The immediate battleground is the U.S. Federal Reserve’s policy rate decision, where most outcomes are priced in, leaving a narrow range to trade. Experiments also show AI models have not yet delivered stable returns.
Crypto
Crypto industry to contribute $55 billion to U.S. economy, report says
The U.S. cryptocurrency industry employs about 34,000 people directly but is expected to contribute $55 billion to the U.S. economy in 2026, an analysis found. A report by the National Cryptocurrency Association and Pragmatic Policy Group put total supported jobs, including indirect and induced employment, at 232,000. It said average crypto pay is $133,000, above U.S. median wages. California, New York and Texas account for 60 percent of crypto jobs.
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AI & Enterprise
Tether CEO warns AI infrastructure investment is overheating despite unclear returns
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Crypto
Bitcoin slips below $60,000 as U.S. inflation shock rattles stocks and crypto
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Crypto
Bitcoin posts biggest monthly gain in a year; S&P 500 hits record high
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Crypto
Bitcoin rises despite worsening U.S. indicators as $73,000 hopes grow