Cryptocurrency

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-remains-stable-despite-us-economic-data-release/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Remains Stable Despite US Economic Data Release</a> 
Cryptocurrency world focused on two critical data releases from the US today. The US Gross Domestic Product (GDP) data and the US unemployment claims data were just released. Before <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">the announcement</a>, <a href="https://en.coin-turk.com/bitcoin-achieves-fourth-block-reward-halving-surpasses-65000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> was trading at around $61,385. Let’s take a look at the data and Bitcoin’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">price</a>.
<h2 style="text-align: justify" id="two-critical-data-points-from-the-us">Two Critical Data Points from the US</h2>
The just-released US Gross Domestic Product (GDP) data came in at 1.4%. The expectation was also 1.4%. It appears that the data met expectations. On the other hand, the second data point was the US unemployment claims data. The number was announced as 233,000. The expectation was 236,000. Thus, the data came in below expectations.
Before moving on to Bitcoin’s price post-data release, it is worth remembering that BTC had recently fallen below the critical level of $60,000. With buying reactions from the $59,000 levels, BTC had settled above $61,000.
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-365718 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/BTCUSD_2024-06-27_15-33-53.png" alt="" width="1814" height="798">
After the data release, we see that the Bitcoin price is at $61,273. According to this price tag, the flagship of cryptocurrencies, Bitcoin, has not been negatively affected by the data.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-remains-stable-despite-us-economic-data-release/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Remains Stable Despite US Economic Data Release</a></h5>

Bitcoin Remains Stable Despite US Economic Data Release

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