BREAKING NEWS: US Unemployment Data Announced! Is It Good or Bad for Bitcoin?
The United States (US), known as the world's largest economy, can guide financial markets. In the past minutes, some economic data closely followed by the US Federal Reserve (FED) were announced.
The FED has been shaping monetary policy according to employment data for a while. Here are the latest US economic data that may affect the decisions the FED will make:
US Unemployment Claims:
Previous: 250 thousand
Expected: 241 thousand
Announced: 233 thousand
US Continuing Unemployment Insurance Claims:
Previous: 1,869 thousand
Expected: 1,870 thousand
Announced: 1,875 thousand
The latest US economic data has reduced concerns about a recession in the US. This development has had a positive impact on the leading cryptocurrency Bitcoin (BTC).
BTC, which rose from $57,000 to $58,500 in an instant after the US economic data, gained 2.5% in value in a short time, causing altcoins to increase.
