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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-05-17 10:03:09

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin Price Surges on Dismal US Economic Data and Shibarium Launch =============== ...

Bitcoin Price Surges on Dismal US Economic Data and Shibarium Launch
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#4b5de303 ver:0.54

Bitcoin's price surged over 7.5% to $66,250 due to dismal US economic data, increasing the likelihood of rate cuts by the Federal Reserve. This, along with the launch of Shibarium's ShibaSwap, has fueled the bullish market sentiment, impacting stock markets and driving Bitcoin's rally. The use of Shibarium blockchain will increase the burn rate of the SHIB token, leading to increased scarcity. The CoinDesk 20 Index has risen nearly 7%. #Bitcoin #Shibarium #SHIB #cryptocurrency...

#newstr #Bitcoin #Shib #Shibarium #Cryptocurrency #DecentralizedExchange #BurnRate #Scarcity #LiquidityEasing

https://here.news/story/4b5de303?ver=0.54
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