The price of bitcoin initially showed little reaction to the soft data.
Stephen Alpher is a Co-Regional News Chief for CoinDesk, specializing in covering the Americas region. With a focus on Bitcoin and cryptocurrency markets, Stephen provides in-depth analysis and reporting on market trends, regulatory developments, and the impact of macroeconomic factors on digital assets. His work has been featured in various publications, including Metals Daily, Yahoo Finance, Yahoo Finance Australia, and Yahoo Sports UK.