US Stocks Fall on GDP Data, Bitcoin, Ethereum Hold On (Market Watch)

Both the two largest cryptocurrencies charted minor daily losses yesterday following the US GDP data but recovered almost immediately.Bitcoin Bounces Back

All eyes yesterday were focused on the US GDP announcement following the past two negative quarters. This time, however, the estimations showed that the world’s leading economy will post a 2.9% growth compared to the numbers from the same quarter last year.as a double-edged sword, showing that the US Fed’s actions have only limited impact.

The three largest US stock market indexes – the S&P 500, the Dow Jones, and the Nasdaq – dipped almost immediately. Although they all recovered some of the intraday trading losses, each closed in the red, with Nasdaq losing the most – 2.18%.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

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