Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-stability-and-us-economic-data-influence-crypto-markets/" data-wpel-link="internal">Bitcoin Stability and US Economic Data Influence Crypto Markets</a> 
Only hours remain until the weekend, and we may experience two days where volumes weaken and volatility increases. <a href="https://coin-turk.com/coinbasein-ust-duzey-yoneticisinden-bitcoin-uyarisi-etfnin-olasi-etkileri" data-wpel-link="internal">Bitcoin</a> price continues to linger above $67,000, which is positive. On the other hand, ETF volumes are also at exciting levels, and reserves are rapidly growing. <a href="https://coin-turk.com/bitcoin-buyuk-kazanc-icin-yatirimcilara-uyari-geldi-uzman-dusus-ve-yukselis-hedeflerini-verdi" data-wpel-link="internal">BTC</a> exchange supply has also receded to the $142 billion area. So, what happens now? 
<h2 style="text-align: justify" id="us-data-and-cryptocurrencies">US Data and Cryptocurrencies</h2> 
This week there were significant statements from Fed members and the chair. We shared these as breaking news, and it’s possible to draw a single conclusion from all this. That is the risk of the Fed delaying the easing of monetary policy depending on future data. Powell argues that the current policy has the strength to push inflation to the 2% target. However, if the employment front continues to strengthen and wage increases remain robust, the expected rate cuts this year could be much less. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-324867 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/wall-street.jpg" alt="" width="660" height="300"> 
Moreover, a relaxation in wage increase and employment data on the macroeconomic front will be the biggest supporter for triggering a larger rally in cryptocurrencies. Today was critically important for this reason. Unemployment rate, non-farm employment, and wage increase data were announced. 
<ul> 
 <li>US Average Hourly Earnings Announced: 4.3% (Expectation: 4.3% Previous: 4.5%)</li> 
 <li>US Non-Farm Employment Announced: 275K (Expectation: 200K Previous: 353K)</li> 
 <li>US Unemployment Rate Announced: 3.9% (Expectation: 3.7% Previous: 3.7%)</li> 
</ul> 
Although the non-farm employment data was worse than expected, the unemployment rate was above expectations, which is favorable for cryptocurrencies. Wage increases came within expectations, which is also positive. <a href="https://en.coin-turk.com/goldman-sachs-gives-hope-to-bitcoin-and-altcoins-with-early-interest-rate-cut-prediction/" data-wpel-link="internal">Cryptocurrencies</a> could rise. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-stability-and-us-economic-data-influence-crypto-markets/" data-wpel-link="internal">Bitcoin Stability and US Economic Data Influence Crypto Markets</a></h5>

Bitcoin Stability and US Economic Data Influence Crypto Markets

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