Cryptocurrency

Bitcoin

Impact

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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/impact-of-economic-data-on-cryptocurrency-prices/" data-wpel-link="internal">Impact of Economic Data on Cryptocurrency Prices</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/kripto-para-piyasasi-yeniden-hareketlendi-saatler-icerisinde-150-milyon-dolari-asan-tasfiye" data-wpel-link="internal">Cryptocurrency</a> markets are significantly influenced by data from America and Europe. According to these data, we see that <a href="https://coin-turk.com/bloomberg-stratejisti-acikladi-bitcoin-btc-icin-siradaki-seviye-belli" data-wpel-link="internal">Bitcoin</a> and other cryptocurrencies react accordingly. The importance of data meeting expectations is crucial as <a href="https://en.coin-turk.com/bitcoin-and-altcoin-forecasts-for-november-a-glimpse-into-potential-market-movements/" data-wpel-link="internal">Bitcoin</a> shows price increases during such times. Conversely, when the data is poor, <a href="https://coin-turk.com/twitteri-hackleyen-gencin-cuzdanindan-yuzlerce-bitcoin-cikti" data-wpel-link="internal">BTC</a> prices fall. Today, the relevant data for the cryptocurrency market came from Europe.</p> 
<h2 style="text-align: justify" id="eu-cpi-data-released">EU CPI Data Released</h2> 
<p style="text-align: justify">The CPI data for the Eurozone was highly anticipated by the market today. Previously, the data was announced at 3.1%, while the expectation was 2.9%.</p> 
<p style="text-align: justify">Looking at the released data, we see that the figure was indeed 2.9%, indicating that the data met expectations.</p> 
<h2 style="text-align: justify" id="current-bitcoin-price-after-data-release">Current Bitcoin Price After Data Release</h2> 
<p style="text-align: justify">Bitcoin’s price started the day slightly above the $64,000 mark. It later experienced a pullback to $63,300.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-341187 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-coin-turk-com-1-7.png" alt="" width="1846" height="776"></p> 
<p style="text-align: justify">After the data was released, we see that Bitcoin is trading at $63,291. Especially as the halving approaches, we observe that the cryptocurrency Bitcoin is trapped within a range. The $60,000 level continues to act as a critical support for <a href="https://en.coin-turk.com/pantera-capital-expects-bitcoin-to-reach-150000-in-the-2024-halving-cycle/" data-wpel-link="internal">BTC</a>.</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/impact-of-economic-data-on-cryptocurrency-prices/" data-wpel-link="internal">Impact of Economic Data on Cryptocurrency Prices</a></h5>

Impact of Economic Data on Cryptocurrency Prices

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