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Here's What Crypto Community Thinks 'Technical' Recession Could Mean

source-logo  coingape.com 28 July 2022 16:05, UTC

Amid much anticipation, the release of U.S. GDP figures resulted in speculation of an undercurrent recession situation. For a second consecutive quarter, the GDP recorded negative growth, leading to talk of a potential recession. Thursday’s data makes one wonder if there could be a crypto recession or a crypto winter in future. The cryptocurrency markets suffered massive setbacks in the last few months, with assets dropping over 70%.

coingape.com