"The price of BTC is still okay, it doesn't go down and it doesn't go up much either"
Cryptocurrency markets including Bitcoin (BTC) also saw movement following the release of US gross domestic product (GDP) data which was stronger than expected but slower than the third quarter.
The US economy unexpectedly grew 2.9% in the fourth quarter, beating expectations for a 2.6% increase, but down from the 3.2% recorded in the previous quarter.
As you know, the crypto market and stocks will see a significant fluctuation momentum if there are important data released by the US and this is the reason why investors always pay attention to the report.
If observed before the GDP report, the price of BTC traded above the $23,000 level but slipped again after the data was released and so far the digital asset is hovering in the $22,686 zone in the last 24 hours.
On a different issue, Senator Ted Cruz said that he plans to implement crypto payments in the US Capitol area in addition to establishing regulations on digital assets that can protect investors from any fraud.
The move is found to encourage souvenir shops, vending machines or other businesses to apply digital payments globally to further develop the country's economy.
Explained last November, Cruz has urged most individuals to use cryptocurrencies like BTC as part of the form of payment in Capital.
