COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: How Does US PMI Data Affect Bitcoin?
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > News > How Does US PMI Data Affect Bitcoin?
News

How Does US PMI Data Affect Bitcoin?

In Brief

  • US macroeconomic data impacts risky investments like cryptocurrencies.

  • US Services PMI exceeded expectations, reported at 50.0.

  • Bitcoin traded at $58,057 amid these economic announcements.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

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.

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.

You Might Also Like

Trump Organization Files Lawsuit Against Capital One for Account Closures

Will X Face Major Fines from the European Union?

New Mobile Game for Tower Defence Genre Lovers: Starz Defence

Join the Epic Space Adventure in Starz Defence Today!

SEC Initiates Investigation into Elon Musk’s Neuralink Before Gensler’s Term Ends

COINTURK NEWS 1 May, 2024 - 4:48 pm 1 May, 2024 - 4:48 pm
Share This Article
Facebook Twitter
Share
Previous Article Tether Achieves Notable Financial Success in Early 2024
Next Article UK Regulators Intensify Scrutiny on Crypto Firms
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Elon Musk Spurs Unprecedented KEKIUS Token Price Surge with Social Media Update
Meme Token
The Ripple Court Case Stirs Cryptocurrency Markets
Ripple (XRP)
Pi Network Faces Community Challenges as Coin Value Declines
Altcoin News
Institutional Interest Drives Solana Prices Upward
Solana (SOL)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?