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Reading: Bitcoin Struggles to Climb as Investors Await Key Data
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COINTURK NEWS > Economy > Bitcoin Struggles to Climb as Investors Await Key Data
Economy

Bitcoin Struggles to Climb as Investors Await Key Data

In Brief

  • Bitcoin awaits critical US unemployment claims data.

  • Bitcoin trades sideways; altcoins may see a rise.

  • AI-focused crypto projects gain momentum today.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Bitcoin and the cryptocurrency world were today anticipating a critical piece of data from the US. The unemployment claims data from the US was just announced. According to the released data, the figure was 217,000, which was in line with expectations. The previous figure was 215,000. It appears that the announced figure met expectations.

Contents
Current State of Bitcoin and CryptocurrenciesArtificial Intelligence Crypto Coins Gain Momentum

Current State of Bitcoin and Cryptocurrencies

After the announcement of the US unemployment claims data, we see that Bitcoin is trading at the level of $66,790 at the time of writing. Bitcoin is moving horizontally today. This situation particularly signifies a potential rise for altcoins.

Ethereum‘s price, which saw the $3,900 level yesterday, is currently at $2,775 at the time of writing. Ethereum also seems to be showing some resting movement today.

Artificial Intelligence Crypto Coins Gain Momentum

Today, we observe that artificial intelligence-focused cryptocurrency projects are gaining momentum and moving towards new highs. For example, FET continues its journey by breaking its all-time record at $2.86 today.

Other artificial intelligence coins are also impressing with their gains today. Cryptocurrencies like PHB, AI, RNDR, and NFP are experiencing increases of over 20 percent.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 7 March, 2024 - 4:39 pm 7 March, 2024 - 4:39 pm
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