Bitcoin price slips under $19K as official data confirms US recession

Bitcoin (BTC) wobbled in its narrow trading range at the Sep. 29 Wall Street open as official data put the United States economy in recession. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

U.S. meets technical definition of recession

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD still hovering just above $19,000 at the time of writing.

The pair weathered gloomy figures for the U.S., with the second quarter gross domestic product (GDP) growth estimated at…

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