United

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/us-releases-pmi-data-affecting-bitcoin/" data-wpel-link="internal">US Releases PMI Data Affecting Bitcoin</a><br></p>
<p class="p1" style="text-align: justify">An important <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> concerning the <a href="https://en.coin-turk.com/key-developments-in-cryptocurrency-markets/" data-wpel-link="internal">cryptocurrency market</a>, especially <strong>Bitcoin</strong>, was announced a few minutes ago. The macroeconomic data released in the United States closely affects risky <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investment</a> products like cryptocurrencies. Accordingly, the US services purchasing managers’ index (PMI) data was made public. How might this data impact Bitcoin? Let’s examine it together.</p> 
<h2 class="p1" style="text-align: justify" id="us-manufacturing-and-services-pmi-data-announced">US Manufacturing and Services PMI Data Announced</h2> 
<p class="p1" style="text-align: justify">The US services purchasing managers’ index <strong>(PMI)</strong> data came in above expectations. The reported figure was 49.5, which was below expectations. The macroeconomic data coming in below expectations provides a positive market environment for risky investment products, especially Bitcoin.</p> 
<p class="p1" style="text-align: justify">While US macroeconomic data came in below expectations, Bitcoin was trading at $66,743 at the time of writing. Bitcoin trading above the EMA 21 (green line) and EMA 9 (blue line) levels on the daily chart suggests a positive short-term scenario. Macroeconomic data from the US is of great importance for risky investment assets.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-373493 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-21.png" alt="" width="2679" height="1240"></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/us-releases-pmi-data-affecting-bitcoin/" data-wpel-link="internal">US Releases PMI Data Affecting Bitcoin</a></h5>

US Releases PMI Data Affecting Bitcoin

Innehållsförteckning

COINTURK NEWS

Andra artiklar publicerade 24 juli 2024

1.56 Trillion Shiba Inu (SHIB) in 24 Hours: Whale Comeback

FILLiquid Announces Mainnet Launch For Filecoin-Based Lending Platform (24 Jul)

Kamala Harris beats Trump in all polls – except the crypto industry’s

Kamala Harris will not speak at the 2024 Bitcoin Conference

Blocksquare Launches Marketplace Pool for Hotel Investment (24 Jul)

ETH traders should ‘expect the unexpected’ after ETF launch

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!