Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bitcoin and tech stocks fall after U.S. GDP data

Bitcoin and tech stocks fall after U.S. GDP data

CointimeCointime2024/07/25 15:30
By:Cointime

After the release of strong US GDP data and cooling personal consumption expenditure (PCE) inflation data on Thursday, Bitcoin and technology stocks fell further. After Thursday's opening, the technology-heavy Nasdaq Composite Index fell 215.43 points, or 1.246%, to 17,126.98 points, while the SP 500 Index fell 21.93 points, or 0.4%. Bitcoin also failed to reverse its recent downward trend, with trading remaining flat over the past 24 hours, staying in the $64,000 range. In addition, according to the FedWatch tool from the Chicago Mercantile Exchange (CME), the probability of a rate cut in September by interest rate traders has been raised to 85.7%.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!