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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-06-11 03:58:49

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin Drops to One-Week Low as Traders Await CPI, Fed Decision =============== ...

Bitcoin Drops to One-Week Low as Traders Await CPI, Fed Decision
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#4b5de303 ver:0.78

Bitcoin's price dropped to a one-week low of $68,000 as traders await key macroeconomic events and the Federal Reserve's decision. The market experienced a downturn following a $400 million liquidation event triggered by strong US jobs data. Open interest and trading volumes fell, indicating reduced bets by traders. The upcoming inflation data and Fed outlook may impact cryptocurrency and reinforce concerns about higher interest rates. #Bitcoin #cryptocurrency #Fed #inflation...

#newstr #Bitcoin #Ether #LiquidationRout #MarketVolatility #UsJobsData #MacroeconomicEvents #LeverageFlush #UsInflation #FederalReserve

https://here.news/story/4b5de303?ver=0.78
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