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U.S. Financial Reports Instigate Bullish Outlook for Cryptocurrencies
U.S. Financial Reports Instigate Bullish Outlook for Cryptocurrencies
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Cryptocurrencies are riding a wave of Optimism following strong U.S. earnings reports, with major companies like Amazon posting better-than-expected results. The market’s upward momentum is further fueled by anticipation of key employment data, which could solidify the current bullish trend.
Amazon’s Q1 earnings of $155.7 billion surpassed forecasts, while its revised Q2 revenue guidance of $159 billion to $164 billion has bolstered confidence in both equities and digital assets. This corporate performance underscores a broader economic resilience that often benefits risk-on assets like cryptocurrencies.
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