Bitcoin and cryptocurrency investors are closely monitoring weekly economic data from Europe and America. This data is crucial as it impacts interest rate reductions, which in turn influence the value of Bitcoin and other cryptocurrencies. Most recent data released includes the US unemployment insurance claims.
Announcement of Projected Data for Bitcoin and Crypto Investors
Today, the Bitcoin and cryptocurrency community awaited crucial data from the US - the unemployment insurance claims data. The revealed figure stood at 221,000, slightly higher than the expected 213,000. The previous figure was revised to 212,000. This news exceeded projections, leading to Bitcoin trading at $66,535 at the time of this update. Bitcoin is currently experiencing sideways movement, offering a potential rise for altcoins.
Ethereum is also exhibiting stability today, alongside Bitcoin. Currently, Ethereum is valued at $3,346, after reaching $3,900 last month.
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