Published by
Benzinga
Benzinga
Major cryptocurrencies experienced a decline on Tuesday evening following the release of positive economic data confirming sustained growth in the U.S. economy. What Happened: The retail sales report from the US Census Bureau for June initially appeared to show some weakness, as the number only rose by 0.2% compared to the forecasted 0.5% and May’s 0.5%. However, a closer look at the report reveals a more positive picture. The retail sales “control group,” which provides a more accurate measure of consumer spending by filtering out certain components, actually increased by 0.6% in June. This i…