Cryptocurrency

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-prices-remain-stable-after-us-economic-data-release/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Prices Remain Stable After US Economic Data Release</a> 
Cryptocurrency <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">markets</a> focused on two critical <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> releases from the US today. The US Gross Domestic Product (GDP) data and the US unemployment claims data were just released. Before the data release, <a href="https://en.coin-turk.com/bitcoin-price-uncertainty-continues-key-level-of-the-week-in-btc-chart/" 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 prices.
<h2 style="text-align: justify" id="two-critical-data-points-from-the-us">Two Critical Data Points from the US</h2>
The recently released US Gross Domestic Product (GDP) data came in at 1.4%. The expectation for the data 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. According to this, the figure was announced as 233,000. The expectation for the data was 236,000. Therefore, it appears that the data came in below expectations.
Before moving on to Bitcoin prices after the data release, it is worth remembering that BTC had fallen below the critical level of $60,000 in recent days. With reaction purchases from the $59,000 levels, BTC had settled above the $61,000 levels.
<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-prices-remain-stable-after-us-economic-data-release/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Prices Remain Stable After US Economic Data Release</a></h5>

Bitcoin Prices Remain Stable After US Economic Data Release

Table of Contents

COINTURK NEWS

Outros artigos publicados em 27 de jun. de 2024

BlockDAG: The Crypto Gold Rush of the Century Amid Brett and Uniswap’s Troubles

Ripple CEO Slams SEC Chair's Bold Claims About Crypto Compliance

Solana jumps 8% as VanEck files first SOL ETF bid

From Polygon to Arbitrum: API3’s Bold Bet on Enhanced Oracle Performance

Rarimo’s RariMe Challenges Worldcoin in Identity Verification

Exciting New SELF Token Airdrop - Claim Yours with Your SelfKey iD Today!

Join our free newsletter for daily crypto updates!