Bitcoin buyers stepped in on Monday after the U.S. Institute of Supply Management (ISM) said its manufacturing purchasing managers’ index (PMI) dropped to 50.9 in September, the lowest reading since May 2020, from 52.8 in August. Notably, the index’s new orders and employment measures contracted, strengthening the case for the Fed pivot.
Related posts
-
Decoding The Bitcoin Rainbow Chart’s $250,000 Prediction
Bitcoin, the undisputed king of cryptocurrencies, faces a challenge as it approaches a critical moment. After... -
Strike Expands Bitcoin and Lightning Services to the UK
Strike has announced its expansion into the United Kingdom. This move allows individuals and businesses in... -
Here’s Why The Bitcoin Bottom Is In, New Highs Imminent: Expert
Crypto expert Duncan (@FloodCapital) recently expressed a strong conviction that Bitcoin has reached its market bottom...