Bitcoin Rallies as Hot US Retail Sales Stoke Recession Fears
U.S. retail sales rose 3% in Jan. 2023 to $697 billion, beating analysts’ 2% estimates and exceeding December sales by 4.1% as healthy demand and CPI point to rising inflation. Rising retail sales suggest healthy demand for electronics sales, which rose 3.5%, and food and drink, which was up 7.2%.…
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