US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity
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#4b5de303 ver:0.21

#Bitcoin and the crypto market face pressure as US PMI drops, dampening hopes for rate cuts. Federal Reserve Chair Powell signals extended high-interest rates, affecting investment markets. Traders remain risk-averse ahead of key US inflation data, favoring safe havens like the dollar and gold over Bitcoin. However, the upcoming halving event may limit losses. Analysts suggest the current price of Bitcoin factors in fewer rate cuts than expected. Despite uncertainties, Bitcoin's resilience as a store of value and hedge against inflation is emphasized. Buying opportunities arise ahead of the halving. #cryptocurrency #inflation #halving...

#newstr #Bitcoin #CryptocurrencyMarket #UsPmi #BusinessActivity #FedRateCuts #UsInflationData #UsTreasuryYields 

 https://here.news/story/4b5de303?ver=0.21