Today, the focus in the cryptocurrency world was on two significant releases of economic data from the United States. Bitcoin, which was trading at approximately $68,050 before the data announcements, awaited the outcomes eagerly.

Two Key US Economic Indicators were Released

The latest US Gross Domestic Product (GDP) data was reported at 3.1%, meeting the expected figure of 3.1%. Additionally, the US unemployment claims data indicated 219,000 claims, slightly above the anticipated 218,000.

Bitcoin's Response to Economic Data

Bitcoin's price stood at $68,135 following the data releases, hovering around the critical range of $67,000 to $69,000. This range is pivotal, as breaching it could lead to increased liquidation and heightened market volatility. If Bitcoin surpasses $69,000, it may reverse a bearish trend and trigger upward price movements.

In conclusion, today's US economic data had a noticeable impact on Bitcoin's price movements. Traders and investors closely monitored these figures, anticipating how they would influence market sentiment and cryptocurrency volatility.