Bitcoin (BTC) drooped however was nonetheless buying and selling comfortably over $20,000 as traders chewed over a shocking achieve within the newest U.S. GDP report. The U.S. Commerce Division reported that gross home product rose 2.6% within the third quarter, as a substitute of the projected 2.4% achieve. The rise adopted two consecutive declines that, in line with conventional definitions, positioned the financial system in a recession and advised the contraction would heighten. Central bankers have been attempting to tame inflation with out casting the financial system right into a steep recession. The most recent GDP advised their financial hawkishness has but to have a full impression. On Tuesday BTC topped $20,000 for the primary time since Oct. 5.