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Tech Sell-off, Strong U.S. GDP Hurt Crypto Sentiment

Por: RTTNews Tech July 25, 2024

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Cryptocurrencies plunged heavily in the past 24 hours in the aftermath of a massive tech sell-off triggered by downbeat earnings updates from tech majors Alphabet and Tesla. Stronger-than-expected U.S. GDP update and net outflows from Ethereum Spot ETF products in the U.S. on Wednesday exacerbated the negative sentiment.Data released by the U.S. Bureau of Economic Analysis revealed a growth of 2.8 percent in the second quarter. Markets had... + full article



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