<html>
 <head></head>
 <body>
 The US June retail sales data, which is awaited by <a href="https://en.coin-turk.com/crypto-market-plummets-in-24-hours-bitcoin-leads-the-drop/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.coin-turk.com/tim-draper-maintains-250k-bitcoin-price-prediction-amid-regulatory-concerns/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) and altcoins along with global markets, has just been announced. The data fell below market analysts’ expectations. 
 <h2 style="text-align: justify" id="strong-us-june-retail-sales-data-announced-strong">US June Retail Sales Data Announced</h2> 
 The data that determines the change in the value of sales at the retail level, retail sales, has been announced. The data, which was expected to be 0.5% monthly, came in at 0.2%, falling below expectations. On an annual basis, the data, which was expected to be 1.60%, came in at 1.49%, also falling below expectations. 
 Meanwhile, the data on core retail sales has also been announced. Core retail sales, which neglect the automatic sales components derived from retail sales, came in at 0.2%, falling below expectations. 
 <img decoding="async" class="aligncenter size-full wp-image-237924" src="https://coin-turk.com/wp-content/uploads/2023/07/ABD-Ekonomik-Veriler-Bitcoin-Altcoinler.png" alt="" width="2490" height="1358"> 
 The retail sales data is the most important indicator of consumer spending, which constitutes a significant part of overall economic activity. The decline in consumer spending could be a “pause signal” for the Fed, which is intensely struggling to reduce inflation. Therefore, an increase in volatility in the markets can be expected after the announcement of the data. 
 <h2 style="text-align: justify" id="strong-current-situation-of-bitcoin-and-altcoins-strong">Current Situation of Bitcoin and Altcoins</h2> 
 The largest cryptocurrency, Bitcoin, is trading below the critical level of $30,000 with a 0.75% decrease in the last 24 hours, at $29,875. Ethereum (ETH), on the other hand, changed hands at $1,891 with a 0.57% decrease in the same time period. 
 According to the altcoin list of CoinMarketCap, the leading gainer of the day is Sui (SUI), which increased by 7.81% and is trading at $0.7371. It is followed by Uniswap (UNI), which increased by 5.06% and is trading at $6.11, and XDC Network (XDC), which increased by 4.92% and is trading at $0.03475. On the other hand, the top loser in the altcoin list is 1inch Network (1INCH), which decreased by 14.46% and is trading at $0.3747. It is followed by Terra Classic (LUNC), which decreased by 7.96% and is trading at $0.00008703, and Solana (<a href="https://en.coin-turk.com/crypto-analyst-predicts-solanas-price-could-double-amid-market-upswing/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>O), which decreased by 6.79% and is trading at $25.09. The post <a href="https://en.coin-turk.com/us-data-expected-by-bitcoin-and-altcoins-now-announced/" data-wpel-link="internal" rel="noopener noreferrer nofollow">US Data Expected by Bitcoin and Altcoins Now Announced!</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS.</a>
 </body>
</html>

US Data Expected by Bitcoin and Altcoins Now Announced!

Inhoudsopgave

COINTURK NEWS

Andere artikelen gepubliceerd op 18 jul 2023

Vitalik Buterin to Deliver Keynote Speech at Ethcon 2023

Aptos falling as Tradecurve remains firm, attracting DeFi fans

Crypto VC Giant Polychain Secures Whopping $200 Million in Funding

What is Arkham (ARKM)? How to Buy ARKM?

🗒 Daily Newsletter | Tuesday, July 18th, 2023

Axelar Launches Interchain Token Service to Improve Interoperability, with SushiSwap Adopting

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!