India, March 27 -- Cryptocurrencies are trading on a muted note amidst anxiety ahead of the release of final 4th quarter GDP data from the U.S. as well as the PCE-based inflation readings for February. Fresh tensions on the trade-tariff front also weighed on crypto market sentiment.
The final update on the fourth quarter GDP is due on Thursday morning. According to the second estimate released by the U.S. Bureau of Economic Analysis on February 27, the American economy expanded at an annualized rate of 2.3 percent in the fourth quarter of 2024. The slowest growth in three quarters was a decline from the 3.1 percent growth in the third quarter.
For the year 2024, the Fed had projected a median economic growth of 2 percent in September 2024...