The post Below $111K After GDP Revision; SOL, DOGE, AVAX, SUI Lead Decline appeared on BitcoinEthereumNews.com. Crypto prices took another leg lower on Thursday while crypto-related stocks sold off after U.S. economic growth was revised sharply higher. The U.S. government reported that gross domestic product expanded at a 3.8% annualized rate in the second quarter, up from 3.3% in the previous estimate and well above the 3% initially reported. Alongside, initial jobless claims tumbled to 218,000 from 232,000 the previous week and well below expectations for 235,000 — putting into question the idea that the employment market is weakening. The much-stronger than anticipated data tapered expectations for the Federal Reserve cutting interest rates further next month. Traders now assign a 17% chance the Fed keeps rates unchanged, up from 8% a day earlier, according to the CME FedWatch. The 10-year U.S. Treasury yield surged to nearly 4.20% following the reports, highest in three weeks. That helped send U.S stocks lower, with the Nasdaq sliding more than 1%. It’s since trimmed that loss to 0.5%. Already trading weak over the past few days, BTC$109,255.14 plunged below $111,000 to its lowest price since early September before reversing to $111,500, down 1.6% over the past 24 hours. ETH$3,867.66 dipped below $4,000, down 4.5% over the past 24 hours, while SOL$194.05, DOGE$0.2233, AVAX$28.83, SUI$3.1286 suffered even steeper declines. After strongly outperforming bitcoin for several months, ETH has given up major ground, with the ETH/BTC ratio having returned to flat year-to-date versus up 20% four weeks ago. Solana’s (SOL) has been another recent favorite amid hype of newly formed digital asset treasury company’s and increased corporate adoption. It, though, is lower by 6% over the past 24 hours and nearly 20% over the last week. Stocks lower Crypto-related stocks fell sharply across the board Thursday. Strategy (MSTR), the largest corporate bitcoin holder, slid 4.5%, while crypto exchange Coinbase (COIN) fell 4.1%.… The post Below $111K After GDP Revision; SOL, DOGE, AVAX, SUI Lead Decline appeared on BitcoinEthereumNews.com. Crypto prices took another leg lower on Thursday while crypto-related stocks sold off after U.S. economic growth was revised sharply higher. The U.S. government reported that gross domestic product expanded at a 3.8% annualized rate in the second quarter, up from 3.3% in the previous estimate and well above the 3% initially reported. Alongside, initial jobless claims tumbled to 218,000 from 232,000 the previous week and well below expectations for 235,000 — putting into question the idea that the employment market is weakening. The much-stronger than anticipated data tapered expectations for the Federal Reserve cutting interest rates further next month. Traders now assign a 17% chance the Fed keeps rates unchanged, up from 8% a day earlier, according to the CME FedWatch. The 10-year U.S. Treasury yield surged to nearly 4.20% following the reports, highest in three weeks. That helped send U.S stocks lower, with the Nasdaq sliding more than 1%. It’s since trimmed that loss to 0.5%. Already trading weak over the past few days, BTC$109,255.14 plunged below $111,000 to its lowest price since early September before reversing to $111,500, down 1.6% over the past 24 hours. ETH$3,867.66 dipped below $4,000, down 4.5% over the past 24 hours, while SOL$194.05, DOGE$0.2233, AVAX$28.83, SUI$3.1286 suffered even steeper declines. After strongly outperforming bitcoin for several months, ETH has given up major ground, with the ETH/BTC ratio having returned to flat year-to-date versus up 20% four weeks ago. Solana’s (SOL) has been another recent favorite amid hype of newly formed digital asset treasury company’s and increased corporate adoption. It, though, is lower by 6% over the past 24 hours and nearly 20% over the last week. Stocks lower Crypto-related stocks fell sharply across the board Thursday. Strategy (MSTR), the largest corporate bitcoin holder, slid 4.5%, while crypto exchange Coinbase (COIN) fell 4.1%.…