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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-05-18 10:59:57

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin Price Rises Above $66,000 as US Inflation Rate Declines =============== ...

Bitcoin Price Rises Above $66,000 as US Inflation Rate Declines
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#4b5de303 ver:0.56

Bitcoin's price surged over 7.5% to $66,250 as US inflation rate declined, increasing the likelihood of rate cuts by the Federal Reserve. The rise coincided with the launch of ShibaSwap, boosting the SHIB token. Despite a decline in whale transaction volume, the market factors and decreased inflation rate suggest an upcoming Bitcoin rally. INDODAX CEO recommends using Dollar Cost Averaging to reduce market volatility impact. #Bitcoin #inflation #cryptocurrency...

#newstr #Bitcoin #UsInflation #Investors #CryptoMarket #DollarCostAveraging

https://here.news/story/4b5de303?ver=0.56
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