Bitcoin Remains Flat While US GDP Grows; Ethereum and Other Coins Drop
Bitcoin stayed steady on Thursday while major altcoins fell, even though the US economy showed stronger results than expected in the second quarter.
This article has been summarized and translated using AI to help you practice reading and comprehension. While we strive for accuracy, some nuances may be lost in translation.
Bitcoin and major cryptocurrencies showed mixed results on Thursday. The overall market had small changes. Bitcoin remained stable, but Ethereum dropped below $4,500, losing over 10% from its recent high price.
XRP and Dogecoin also traded lower. The global crypto market was worth $3.86 trillion, up 0.08% in 24 hours. Over $250 million was liquidated from the market.
Bitcoin's dominance decreased to 57.5% while Ethereum's increased to 13.9%. The US stock market performed well, with the S&P 500 up 0.32%. US GDP grew 3.3% in Q2, exceeding estimates and showing the strongest growth since Q3 2023.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/08/47404114/bitcoin-flat-as-us-gdp-rebounds-in-q2-ethereum-xrp-dogecoin-slide-analyst-says-keep-an-eye-