India, June 27 -- Cryptocurrencies are trading just below the flatline as sentiment remains impacted by the mixed economic data from the U.S. released on Thursday. Bitcoin is trading 4 percent below the all-time-high.
Data released on Thursday by the U.S. Bureau of Economic Analysis had showed the U.S. economy contracting at an annualized rate of 0.5 percent in the first quarter of 2025, recording the first quarterly contraction in three years. The decline was sharper than the second estimate of a 0.2-percent drop.
Data released by the U.S. Census Bureau showed new orders for manufactured goods jumped by 16.4 percent over a month to $343.6 billion in May. The sharpest increase since July 2014 contrasted with a revised 6.6 percent slump in...