🔥🔥🔥 BALANCES CHANGED IN BITCOIN: WHY THE WIND TURNED REVERSED❓
➡️ Bitcoin experienced major fluctuations last week. It approached $73,798 as demand for newly authorized exchange-traded funds (ETFs) increased. However, macro data from the USA caused a sudden pullback in the crypto market.
➡️ Non-agricultural employment data in the USA exceeded expectations by increasing by 272 thousand people in May and the unemployment rate increased from 3.9 percent to 4 percent. This increased expectations that the Fed would postpone the interest rate cut, and the price of Bitcoin fell below 70 thousand dollars. Additionally, major financial companies' interest in crypto has increased, such as Mastercard re-allowing Binance users.
🔥Expectations for the US economy to remain strong and interest rate cuts to be postponed caused fluctuations in Bitcoin. It is important for crypto investors to be careful about such fluctuations❗️
#elg #Binance #escoin #TopCoinsJune2024 $BTC $ETH