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A series of economic reports released on Friday have raised alarms that the United States economy may be on the brink of a recession. Bitcoin’s (BTC) price has suffered a recent crash following this macroeconomic scenario, but analysts see an opportunity. The Bureau of Labor Statistics reported that the nation’s unemployment rate increased to 4.3% in July from 4.1% in June. Additionally, non-farm payroll employment rose by only 114,000 jobs, significantly below the anticipated 175,000 new jobs.  These figures have contributed to growing fears that a recession , long predicted by some economists, may now be imminent. Picks for you Robert Kiyosaki shares the 'great news' from the crashing stock market 2 hours ago Analy...

Bitcoin speculators are dealing with "a degree of panic" as their BTC holdings sit in unrealized loss, says Glassnode. Bitcoin (BTC) speculators are in “panic” mode as nearly all of them are in the red, research says. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode revealed 97.5% unrealized losses among Bitcoin’s short-term holder s (STHs). Research warns of "non-trivial" Bitcoin sentiment slide BTC price action in recent months has tested the resolve of investors, but none more so than those who bought BTC over the past three months. STHs, which correspond to entities hodling coins for 155 days or less, have seen their aggregate cost basis fail as market support. As Glassnode notes, as of Sep. 17, the cost basis for those not spending BTC is now $28,000 — around 5% above current spot price. As part of its research, the firm separated the STH cohort into holders and spenders, discovering “a relationship between abrupt...