Bitcoin Positive aspects Momentum on Fed Pivot Narrative, However Some Banks Anticipate Greenback Rebound

Bitcoin Positive aspects Momentum on Fed Pivot Narrative, However Some Banks Anticipate Greenback Rebound

by Jeremy

Bitcoin consumers stepped in on Monday after the U.S. Institute of Provide Administration (ISM) mentioned its manufacturing buying managers’ index (PMI) dropped to 50.9 in September, the bottom studying since Might 2020, from 52.8 in August. Notably, the index’s new orders and employment measures contracted, strengthening the case for the Fed pivot.

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