Cryptocurrency

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-remains-stable-after-key-us-economic-data-release/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Remains Stable After Key US Economic Data Release</a> 
Cryptocurrency world 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/analyst-predicts-bitcoin-to-approach-200000-by-2025/" 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 for the data was 1.4%. It appears that the data met expectations. On the other hand, the second data was the US unemployment claims data. According to this, the number was announced as 233,000. The expectation for the data was 236,000. Thus, it appears that the data came in below expectations.
Before moving on to Bitcoin’s price after the data, it is worth recalling 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-remains-stable-after-key-us-economic-data-release/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Remains Stable After Key US Economic Data Release</a></h5>

Bitcoin Remains Stable After Key US Economic Data Release

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