Bitcoin price coils under $65K as US PMI data brings new ‘stagflation’ warning
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According to ChainCatcher, Bitcoin prices are fluctuating around $65,000. The US July services PMI data showed weak employment and rising inflationary pressures, sparking discussions about the risk of stagflation.
Bitcoin price coils under $65K as US PMI data raises stagflation fears
Bitcoin's decoupling from traditional assets amid stagflation fears highlights its evolving market dynamics, driven by ETF flows and macro sentiment. The post Bitcoin price coils under $65K as US PMI data raises stagflation fears appeared first on Crypto Briefing.
Bitcoin Holds Below $65K as US PMI Spurs Stagflation Concerns
Bitcoin spent the Thursday Wall Street open hovering just above the $64,000 area, trapped in a narrow range as traders digested fresh macro signals pointing to renewed inflation pressure and weaker labour conditions. At the same time, market hopes around energy logistics in the Middle East cooled after Iranian officials played down assumptions that the Strait of Hormuz would quickly reopen. The result for BTC has been a familiar kind of indecisi…
Bitcoin Price Consolidates Near $64.8K As Key Technical Levels Shape Next Move
Bitcoin price continued to trade in a narrow range on Wednesday, with the world’s largest cryptocurrency holding above key support while facing repeated rejection near the $65,000 level. The decision to move up or down might occur once it manages to break either of the two levels. At the time of writing, Bitcoin (BTC) was […]
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