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Bitcoin and the cryptocurrency world were closely watching the FED‘s interest rate decision and Chairman Jerome Powell’s statements yesterday. Along with the announcement, there was activity in BTC and other cryptocurrencies, with Bitcoin climbing above $68,000 during the night. Today, new data from the US is anticipated. The data pertains to applications for US unemployment benefits. The data was just released.
Data and the Impact on Bitcoin and Cryptocurrencies
According to the US unemployment benefit claim data, the figure was 210,000. Expectations were at 212,000, while the previous figure was 209,000. It appears that the number came in below expectations. Let’s examine the impact of the data on the prices of Bitcoin and other cryptocurrencies.
After the release of the US unemployment claims data, we see that Bitcoin continues to hold above $67,000. At the time of writing, the price is trading at $67,330. From this perspective, it seems that the Bitcoin price has not been significantly affected by the announced US data.
Looking at the price of Ethereum, we see that ETH, the leader of the altcoins, is trading at $3,563.
