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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/us-releases-key-economic-data-affecting-cryptocurrency-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">US Releases Key Economic Data Affecting Cryptocurrency Market</a><br></p>
<p>The <a href="https://en.coin-turk.com/whales-make-significant-moves-in-cryptocurrency-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> eagerly awaited the release of two significant macroeconomic <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> from the United States: PPI and Unemployment Claims. During this period, many cryptocurrencies, especially Bitcoin, exhibited volatile movements. What can we expect in the markets following the release of this data? We analyze the situation with the newly released data.</p>
<h2 id="two-important-data-points-released-in-the-us">Two Important Data Points Released in the US</h2>
<p>Two significant data points that have been occupying the agenda and closely followed by <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> in the United States were released. The PPI data was announced as 2.2%, which was below expectations and pleased investors. This development could initiate a positive trend for the data recorded at 2.2% in the previous month.</p>
<p>The US Unemployment Claims data was also shared with the public at the same time. The data was announced as 242K, exceeding the expected 225K, which could lead to a negative trend. Last month, this data was announced as 229K. Following the release of the data, Bitcoin was trading at $68,851, while Ethereum was trading at $3,512 at the time of writing.</p>
<p><img loading="lazy" decoding="async" loading="lazy" class="aligncenter wp-image-166174 size-full" src="https://coin-turk.com/wp-content/uploads/2022/07/Sicak-Gelisme-Amerikadan-Yeni-Kripto-Para-Adimi-coin-turk-com.jpg" alt="" width="1200" height="675"></p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/us-releases-key-economic-data-affecting-cryptocurrency-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">US Releases Key Economic Data Affecting Cryptocurrency Market</a></h5>

US Releases Key Economic Data Affecting Cryptocurrency Market

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