Bitcoin Flat Ahead of New US Jobless Claims and Housing Data Bitcoin is showing no significant movement in anticipation of upcoming reports on new US jobless claims and housing data.

Bitcoin’s price remained stable on Thursday morning as investors awaited the release of new U.S. data on initial jobless claims and housing sales. As of now, Bitcoin is trading at a price of $51,823.78. Over the past day, there has been a slight 0.3% increase in value, which is relatively stable compared to the previous week, according to information from CoinGecko. Both Bitcoin and Ethereum have experienced traders selling off their assets to wait and see how the market reacts to upcoming U.S. economic reports. Investors are closely monitoring economic data to anticipate when the Federal Reserve may decide to decrease interest rates. Up to now, comments made by FOMC members have not been encouraging. Federal Reserve Gov. believes there is still enough time for them to have more certainty about the direction of the economy. Michelle Bowman made a statement at a banking event in Washington D.C. yesterday. I believe there will come a time to start reducing rates, but due to the unclear data, I am not currently confident that it is the right move. Investors clearly understood her message. As the next Federal Open Market Committee meeting is 27 days away, only a small percentage of investors, approximately 5%, believe it is probable that the committee will decrease rates in March, as indicated by the CME FedWatch tool. New data shows that 54% of traders believe that the Federal Reserve will decrease interest rates in June. In general, digital assets and stocks are seen as assets that carry higher levels of risk. When federal interest rates are low, investors are more likely to allocate a larger portion of their portfolios to risky assets.