United

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/us-releases-pmi-data-affecting-bitcoin/" data-wpel-link="internal">US Releases PMI Data Affecting Bitcoin</a><br></p>
<p class="p1" style="text-align: justify">An important <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> concerning the <a href="https://en.coin-turk.com/key-developments-in-cryptocurrency-markets/" data-wpel-link="internal">cryptocurrency market</a>, especially <strong>Bitcoin</strong>, was announced a few minutes ago. The macroeconomic data released in the United States closely affects risky <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investment</a> products like cryptocurrencies. Accordingly, the US services purchasing managers’ index (PMI) data was made public. How might this data impact Bitcoin? Let’s examine it together.</p> 
<h2 class="p1" style="text-align: justify" id="us-manufacturing-and-services-pmi-data-announced">US Manufacturing and Services PMI Data Announced</h2> 
<p class="p1" style="text-align: justify">The US services purchasing managers’ index <strong>(PMI)</strong> data came in above expectations. The reported figure was 49.5, which was below expectations. The macroeconomic data coming in below expectations provides a positive market environment for risky investment products, especially Bitcoin.</p> 
<p class="p1" style="text-align: justify">While US macroeconomic data came in below expectations, Bitcoin was trading at $66,743 at the time of writing. Bitcoin trading above the EMA 21 (green line) and EMA 9 (blue line) levels on the daily chart suggests a positive short-term scenario. Macroeconomic data from the US is of great importance for risky investment assets.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-373493 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-21.png" alt="" width="2679" height="1240"></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-pmi-data-affecting-bitcoin/" data-wpel-link="internal">US Releases PMI Data Affecting Bitcoin</a></h5>

US Releases PMI Data Affecting Bitcoin

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