Bitcoin 

40% of Millennials Look to Crypto in the Event of Recession

40% of millennials would prefer to invest in crypto assets in the event of a recession, according to data from eToro, a multi-asset investment platform and social network. In a press release shared with Cointelegraph on Sept. 10, eToro cited a survey on generational investment conducted from July 18 to July 31 of this year among 1,000 United States online investors. Respondents aged between 20 and 65 years represented Gen Z, millennials, and Gen X. The survey found that more than two-thirds of U.S.-based investors are afraid of a recession…

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Cryptocurrency 

Bitcoin Reclaims $13,000 as NY Fed Says Recession Risk Highest Since 2008

Bitcoin (BTC) hit $13,000 again on June 10 as the 2019 bull market delivered fresh reasons to celebrate for traders and HODLers.  Market visualization courtesy of Coin360 Data from Coin360 showed BTC/USD hitting $13,130 in early trading Wednesday, the pair reclaiming almost $1,000 in 24 hours.  The past days have surprised markets, with analysts previously warning a major correction should set in after bitcoin closed below $11,450.  Bitcoin 7-day price chart. Source: Coin360 Now, sentiment is trending to the upside, with regular commentator Josh Rager eyeing July’s monthly close as…

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Bitcoin 

As Brazil’s Economy Risks Recession, Regulators and Banks Implement Blockchain

Brazil’s weak economic growth and inflationary pressure have led to more than 13 million Brazilians currently out of work. The unemployment rate currently stands at 12.5%. While the country runs the risk of recession, cryptocurrency’s low barrier for entry and promise of large returns appeal to Brazilians. Bruno Peroni, chief sales officer at Atlas Quantum, told Cointelegraph: “We have a higher number of people investing in crypto than on the local stocks markets. The most recent estimates show that there are 1.5 million Brazilians investing in crypto, whereas the local…

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