Crypto prices lowered another leg on Thursday, while cryptocurrency actions were sold after US economic growth was highly higher.
The US government said that the gross domestic product was relaxed at an annualized rate of 3.8% in the second quarter, against 3.3% in the previous estimate and much higher than 3% initially.
At the same time, unemployed initial complaints fell to 218,000 against 232,000 the previous week and well below the expectations of 235,000 – by questioning the idea that the job market is weakening.
The very stimulating data that the data provided designed expectations for reducing the interest rate of the federal reserve next month. Traders now attribute 17% of the Fed to maintain unchanged prices, compared to 8% per day earlier, according to CME Fedwatch.
The 10 -year -old American treasury yield increased almost 4.20% as a result of reports, the highest in three weeks. This helped send us lower actions, the Nasdaq slipping more than 1%. He has since reduced this loss to 0.5%.
Already low in the past few days, Plunged less than $ 111,000 at its lowest price since early September before returning to $ 111,500, down 1.6% in the last 24 hours. Below $ 4,000, down 4.5% in the last 24 hours, while ,, ,, ,, suffered even more steep drops.
After having strongly outperforming Bitcoin for several months, ETH abandoned major terrain, the ETH / BTC ratio having returned to one year at the start of the year compared to 20% four weeks ago.
The Solana (soil) was another recent favorite in the midst of the media of the new digital cash company and the increased adoption of companies. However, it is 6% lower in the last 24 hours and almost 20% in last week.
Lower stocks
Crypto -related actions fell sharply at all levels on Thursday. Strategy (MSTR), the largest holder of corporate bitcoin, slipped 4.5%, while Crypto Exchange Coinbase (Coin) fell by 4.1%. The minors were even harder: Cipher Mining (CIFR), despite an early rally on Google AI Hosting News, was down 9.4%, while Hive Digital (Hive), Bitdeer (BTDR), Bitfarms (BitF) plunged 6%-8%.
The circle of stablecoin emitters (CRCL) also fell 4.4% and Galaxy Digital (GLXY) slipped by 3.7%, extending weakness in the sector.
