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U.S. GDP Rose 2.9%, Crypto Market Cap is Up 3.1%


The U.S. Commerce Department's Bureau of Economic Analysis announced that the gross domestic product expanded in Q4 2022 at an annual rate of 2.9%, adjusted for inflation, crypto media outlet BeInCrypto reported on January 26.


Although the number reports a decrease from 3.2% in the third quarter, it is higher than the 2.6% forecasted.


Consumer spending and inventory investment made the largest contributions to economic growth, while corporate investment made the smallest contributions to GDP. Housing-related investments decreased. Equity markets first reacted to the report with a more mixed reaction but later were optimistic. The Dow Jones Industrial Average (DJIA) and S&P 500, which have significant technology components, recently increased by 0.9% and 0.5%, respectively, while the tech-heavy Nasdaq Composite increased by 1.5%.


Following the publication of the data, cryptocurrency markets also increased somewhat, but likely inadvertently, given how much they did. After the news, Ethereum gained 0.24% and Bitcoin 0.2%, respectively. The total value of the cryptocurrency market increased by 3.1% on the previous day to $1.09 trillion.


Overall, the crypto market signal mild growth for the coming months.



Fee policy for withdrawal of virtual assets

The following fees are charged when withdrawing virtual assets from Delio Bank.

Virtual asset type Transmission fee (Gas fee) Withdrawal fee
Bitcoin (BTC) Charged according to network conditions 2,000 won worth of Bitcoin
Ethereum (ETH) Charged according to network conditions 2,000 won worth of Ethereum
Ripple (XRP) Charged according to network conditions 1 XRP

· There is no fee for transfers within Delio Bank.

· No withdrawal fee is charged for virtual assets other than Bitcoin, Ethereum, and Ripple.

· Please check the transfer fee for virtual assets other than Bitcoin, Ethereum, and Ripple when withdrawing.