The U.S. GDP grew by 4.3% in Q3, surpassing the anticipated 3.3% growth, according to BitJie. This unexpected economic strength suggests that high interest rates may persist, potentially impacting altcoins more than Bitcoin. In response, Ethereum and smaller tokens such as Solana and Dogecoin saw declines of 3% to 6%, while Bitcoin remained stable. CoinMarketCap's MACD data indicates that 68% of tracked assets are currently in bearish territory.
U.S. GDP Growth Exceeds Forecasts, Pressures Altcoins
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