Bitcoin, Ethereum, Dogecoin Rise Amid Positive Economic Data, Analyst Predicts Record High For King Crypto

Major cryptocurrencies showed signs of slight improvement on Thursday as better-than-anticipated unemployment and GDP data came in. However, investors remained narrowly focused on the ongoing discussions to determine whether the U.S. government will default on its debts. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EST) Bitcoin (CRYPTO: BTC) +1.28% $26,429 Ethereum (CRYPTO: ETH) +1.52% $1,803 Dogecoin (CRYPTO: DOGE) +1.15% $0.070 What Happened:  The leading cryptocurrency, in terms of market capitalization, has experienced a setback in the past few weeks due to a combination of macroeconomic uncertainties.  The most pressing issue is the lingering deadlock over the debt limit, which will ultimately decide if the US government can meet its financial obligations.  Despite some positive developments as reported by Republican House lawmakers on Thursday, it’s still unclear if the parties involved can reach a resolution in time to prevent a possible government default.  Top Gainer (24 Hour) Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EST) SingularityNET +9% $0.20 Casper +5.23% $0.49 Enjin +3.83% $0.33 At the time of writing, the global crypto market capitalization stood at $1.11 trillion, an increase of 0.96% over the last day.  The US stock market surged on Thursday following positive quarterly results from Nvidia, which ignited a rally in technology stocks. The ...Full story available on Benzinga.com