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Bitcoin Investors Beware: Important Data Released in the US, Eyes Turned to the Evening!
As of today, the agenda of the financial markets is dominated by the United States (US). Data and decisions from the US not only affect US stock exchanges but also directly impact the price movements of the leading cryptocurrency Bitcoin (BTC) and altcoins.
Recently, the US released the leading non-farm employment data, which came in above expectations:
US ADP Non-Farm Employment Change Data:
Previous: 208,000
Expectation: 179,000
Announced: 192,000
The release of the leading non-farm employment data above expectations indicates that despite the Federal Reserve's (FED) interest rate hikes so far, the expected cooling in the labor market has not materialized.
Tonight, the FED will announce its new interest rate decision. Although the interest rate decision of the FED will not change (interest rates will likely be kept unchanged), FED Chairman Jerome Powell's statements may be toughened.
Looking at the current situation of the leading cryptocurrency Bitcoin (BTC), it can be seen that it hit a low of $56,500 and continues to recover gradually despite the negative economic data from the US.
$BTC
$57,284
-6.50%
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