Crypto Market Capitalization Inches Back Over $4 Trillion as US GDP Surprises on Upside
Markets received a boost after the U.S. reported stronger-than-expected Q2 GDP, while crypto consolidated midweek gains.
Crypto markets consolidated on Thursday, pushing total capitalization just over $4 trillion as the midweek rally held firm.
Bitcoin (BTC) jumped 0.9% to $113,073, while Ethereum (ETH) slipped by about 1.8% to $4,553. Solana (SOL) led gains, up 2.7% to $214.51, following continued interest from corporate treasury strategies, while XRP (XRP) remained steady at $3.01 and BNB (BNB) dipped 1% to $873.77.
At the same time, roughly $256 million in leveraged positions were liquidated, with ETH traders taking the biggest hit at $91 million. BTC accounted for $37.25 million, while SOL saw about $30 million liquidated,…
