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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-05-05 12:01:33

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin Surges Above $63,000 as Economic Indicators Boost Investor Confidence ...

Bitcoin Surges Above $63,000 as Economic Indicators Boost Investor Confidence
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#4b5de303 ver:0.41

Bitcoin surges above $63,000 as economic indicators boost investor confidence. Federal Reserve actions and weaker economic data fuel speculation of rate cuts, benefiting Bitcoin and Ether. Crypto market rises following US jobs report. Bitcoin and Ether rally, while Dogecoin, Solana, and Avalanche see increases. Bitcoin's rebound attributed to softer US dollar and positive developments. Bitcoin price surges on softer-than-expected US labor market report, speculation of rate cuts. Easing financial conditions drive bullish momentum in crypto market. Bitcoin outlook suggests consolidation, but resistance at $63,000 level. Long-term fundamentals remain bullish. Bitcoin surges almost 5% to surpass $63,000, following cooler US jobs report. Ether also recovers. Grayscale Bitcoin Trust sees net positive inflows. Bitcoin's value surges by 6.47% driven by macroeconomic data and search for high-growth opportunities. Bitcoin showcases resilience and potential for growth in digital finance. #Bitcoin #cryptocurrency #investing #economy...

#newstr #Bitcoin #Cryptocurrency #InvestorConfidence #MacroeconomicData #UsFederalReserve #M2MoneySupply #TechSector

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