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Bitcoin
BTC -2.30%
continued its recent downturn, falling alongside tech stocks after stronger-than-expected U.S. economic growth data.
After Thursday's opening bell, the tech-heavy Nasdaq Composite fell 215.43 points, or 1.246%, to 17,126.98, while the S&P 500 dropped by 21.93 points, or 0.4%. Bitcoin also failed to reverse its near-term downtrend after GDP data showed Thursday that the U.S. economy grew by 2.8% in Q2 2024, beating economist forecasts of a 2% gain.
The largest digital asset by market capitalization traded flat over the past 24 hours, now changing hands for $63,800 at 10:24 a.m. ET, according to The Block's Price Page.
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