India, Aug. 28 -- Cryptocurrencies are trading strongly in the green even as data from the U.S. indicated a resilient and resurgent economy and trimming hopes of a strongly dovish pivot by the Federal Reserve. Overall cryptocurrency market capitalization rallied more than 1.5 percent overnight.
Data released by the U.S. Bureau of Economic Analysis on Thursday morning showed the U.S. economy growing at 3.3 percent in the second quarter versus the 3.1 percent growth pegged in the advance estimates. The economic growth had declined 0.5 percent in the first quarter.
Data released by the U.S. Department of Labor, also on Thursday morning showed initial jobless claims declining to 229 thousand during the week ended August 23 from 234 thousand i...