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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-04-29 10:56:50

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin Prices Continue to Drop Amid Weakness in the US Economy =============== ...

Bitcoin Prices Continue to Drop Amid Weakness in the US Economy
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#4b5de303 ver:0.31

Bitcoin prices continue to drop amid weakness in the US economy, with fears of stagflation affecting the cryptocurrency markets. Bitcoin is down 2.5% in the past 24 hours, trading near $62,400, while Ether is down 3% at $3,200. The combination of slower growth and persistent inflation weakens the likelihood of rate cuts by the Federal Reserve. The upcoming US Treasury Department redemption announcement and the launch of Bitcoin ETFs in Hong Kong are key factors to watch. #Bitcoin #cryptocurrency #stagflation #USeconomy...

#newstr #Bitcoin #Ether #UsEconomy #Stagflation #CryptocurrencyMarket #Ethereum

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