Bitcoin

Impact

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/vaneck-submits-new-crypto-etf-application-aiming-beyond-bitcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">VanEck Submits New Crypto ETF Application, Aiming Beyond Bitcoin</a> 
<a href="https://coin-turk.com/vaneck-yeni-bir-kripto-para-etf-basvurusunda-bulundu-bu-sefer-hedef-btc-degil" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and the cryptocurrency world were closely watching the FED‘s interest rate decision and Chairman Jerome Powell’s statements yesterday. Along with the announcement, there was activity in <a href="https://coin-turk.com/kripto-para-devleri-bitcoin-ve-ethereumda-son-durum-fed-etkisi-surecek-mi" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a> and other cryptocurrencies, with <a href="https://en.coin-turk.com/bitcoin-whales-and-market-speculation-amidst-rally-and-halving-expectations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> climbing above $68,000 during the night. Today, new data from the US is anticipated. The data pertains to applications for US unemployment benefits. The data was just released.
<h2 style="text-align: justify" id="data-and-the-impact-on-bitcoin-and-cryptocurrencies">Data and the Impact on Bitcoin and Cryptocurrencies</h2>
According to the US unemployment benefit claim data, the figure was 210,000. Expectations were at 212,000, while the previous figure was 209,000. It appears that the number came in below expectations. Let’s examine the impact of the data on the prices of Bitcoin and other cryptocurrencies.
<img loading="lazy" decoding="async" loading="lazy" class="wp-image-331311 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/issizlik-coin-turk-com-.png" alt="" width="566" height="180">
After the release of the US unemployment claims data, we see that Bitcoin continues to hold above $67,000. At the time of writing, the price is trading at $67,330. From this perspective, it seems that the Bitcoin price has not been significantly affected by the announced US data.
Looking at the price of <a href="https://en.coin-turk.com/ethereum-shows-strong-performance-with-whale-accumulation-and-network-growth/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a>, we see that <a href="https://en.coin-turk.com/ethereum-outshines-bitcoin-with-strong-performance/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH</a>, the leader of the <a href="https://coin-turk.com/analist-acikladi-bu-iki-altcoinde-yuzde-50-oraninda-ralli-olabilir" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a>, is trading at $3,563.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/vaneck-submits-new-crypto-etf-application-aiming-beyond-bitcoin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">VanEck Submits New Crypto ETF Application, Aiming Beyond Bitcoin</a></h5>

VanEck Submits New Crypto ETF Application, Aiming Beyond Bitcoin

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