Ethereum Drops Below $1,900 Following Economic Data; Zilliqa Becomes Top Loser

Benzinga · Jul 6, 2023 21:40

Bitcoin(CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the $30,500 level on Thursday.

Ethereum(CRYPTO: ETH), however, traded lower, falling below the key $1,900 mark this morning.

U.S. initial jobless claims increased by 12,000 from the previous week to 248,000 in the week ending July 1, versus market estimates of 245,000. The U.S. trade gap narrowed to $69 billion in May from $74.4 billion in the previous month.

eCash(CRYPTO: XEC) was the top gainer over the prior 24 hours, whileZilliqa(CRYPTO: ZIL) turned out to be the biggest loser.

At the time of writing, the global crypto market cap fell to $1.19 trillion...

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.