Bitcoin Flat As US GDP Rebounds In Q2; Ethereum, XRP, Dogecoin Slide: Analyst Says ‘Keep An Eye Out’ For This ETH Level To Confirm ‘Real Breakout’
Bitcoin consolidated on Thursday, while major altcoins fell, despite the U.S. economy posting stronger-than-expected results in the second quarter.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:20 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.19% | $111,770.58 |
| Ethereum (CRYPTO: ETH) |
-1.26% | $4,453.39 |
| XRP (CRYPTO: XRP) | -0.98% | $2.94 |
| Solana (CRYPTO: SOL) | +4.23% | $213.18 |
| Dogecoin (CRYPTO: DOGE) | -0.14% | $0.2200 |
Bitcoin’s Dominance Narrows Further
Bitcoin continued to move sideways, while Ethereum dropped below $4,500, losing more than 10% since hitting a record high earlier this week. XRP and Dogecoin also traded lower.
Meanwhile, Ethereum’s market dominance rose to 13.9%, while Bitcoin’s share dropped further to 57.5%.
In a major development, the U.S. government put GDP numbers on blockchain for the first time, aligning with the broader push to make the country the “crypto capital of the world.”
Over $250 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for over 60%.
Bitcoin’s open interest rose 0.30% alongside its spot price. Additionally, top Binance traders i.e, top 20% users with the highest margin balance, reduced their long exposure to Bitcoin in the last 24 hours.
The market sentiment remained “Neutral” as of this writing, according …
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