Initially, two significant data points concerning the cryptocurrency market, especially Bitcoin, were announced recently. The macroeconomic data released in the United States closely affects risky investment products like cryptocurrencies. Accordingly, the US Services Purchasing Managers’ Index (PMI) was reported. The expected figure was 49.9, but it actually came in at 50.0.
US Services and ISM PMI Data Released
The US Services Purchasing Managers’ Index (PMI) data came in above expectations. Accordingly, the figure was reported at 50.0, meeting expectations. While US macroeconomic data was slightly above expectations, Bitcoin was trading at $58,057 at the time of writing. On the daily chart, Bitcoin trading below the levels of EMA 21 (green line) and EMA 9 (blue line) suggests a short-term negative scenario. Macroeconomic data from the US holds significant importance for risky investment assets.
