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Bitcoin and cryptocurrency investors are currently focused on the data coming from Europe and America every week. The data coming in line with or below expectations is significant. This is because interest rate reductions, which are important for the increases in Bitcoin and cryptocurrencies, depend on this data. The most recently announced data was the US unemployment insurance claims.
Anticipated Data for Bitcoin and Crypto Investors Announced
Today, the Bitcoin and cryptocurrency community was anticipating a critical piece of data from the US. The US unemployment insurance claims data has just been released. According to the announced data, the figure was 221,000. The expectation was for it to be 213,000. The previous figure was revised to 212,000. It appears that the announced figure exceeded expectations.
After the release of the US unemployment insurance claims data, we see that Bitcoin is trading at the level of $66,535 at the time of writing. Bitcoin appears to be moving sideways today. This situation could particularly bring a rise opportunity for altcoins after the recent declines.
Ethereum is also showing a restful behavior today, similar to Bitcoin. Looking at Ethereum‘s price, we see that it is at the level of $3,346 at the time of writing, having reached $3,900 last month.
