List of Flash News about credit card balances
Time | Details |
---|---|
2025-04-14 18:43 |
US Consumer Credit Falls $810 Million in February 2025: Impact on Cryptocurrency Market
According to The Kobeissi Letter, US consumer credit fell by $810 million in February 2025, marking the second decline in four months, which was unexpected given the consensus prediction of a $15 billion increase. This decrease, driven by a reduction in credit card balances and motor loans, could influence cryptocurrency trading as investors might shift their focus to digital assets. Such economic indicators often guide traders in assessing market conditions and potential shifts in investment strategies. |
2025-04-14 18:43 |
US Consumer Credit Unexpectedly Drops $810 Million: Impact on Cryptocurrency Market
According to The Kobeissi Letter, US consumer credit fell by $810 million in February, marking the second decline in four months. This unexpected drop, driven by reduced credit card balances and motor loans, was far below the expected $15 billion rise. Cryptocurrency investors should note this financial contraction as it could influence market liquidity and consumer spending, potentially affecting crypto market trends. |