Recession? Analyst Says Bitcoin, Ethereum, Dogecoin Rally Looks Set To Continue Unabated

A rally in major coins remained intact on Thursday evening as the global cryptocurrency market cap rose 3.8% to $1.09 trillion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) 3.9% 3% $23,839.99 Ethereum (CRYPTO: ETH) 5.4% 9.4% $1,725 Dogecoin (CRYPTO: DOGE) 3% -1.25% $0.07 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Oasis Network (ROSE) +35.2% $0.07 Ethereum Classic (ETC) +24.5% $40.95 Bitcoin Cash (BCH) +22.3% ​​$155.63 See Also: How To Get Free NFTs Why It Matters: Bitcoin and Ethereum spiked even as data released on Thursday showed that the U.S. economy contracted for a second consecutive quarter, falling by an estimated 0.9% between April and June, versus analyst expectations of a 0.5% gain.