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Analysis: Strong Performance of US Economy Leads NASDAQ Index in Global Markets
Summary: According to CoinDesk, data shows that since early April, the NASDAQ index has risen by 31%, outperforming major stock indices such as Germany's DAX and France's CAC. The actual GDP per capita growth in the US and other economic indicators continue to improve, supporting the market view of the 'American exceptionalism.' Analysts point out that ...
According to CoinDesk, data shows that since early April, the NASDAQ index has risen by 31%, outperforming major stock indices such as Germany's DAX and France's CAC. The actual GDP per capita growth in the US and other economic indicators continue to improve, supporting the market view of the 'American exceptionalism.' Analysts point out that the strong performance of the US economy may have a positive impact on Bitcoin, while also providing support for the US dollar. The price of Bitcoin has rebounded by 44% since its low point in April, currently trading at $108,000.
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Link: Analysis: Strong Performance of US Economy Leads NASDAQ Index in Global Markets [Copy]