Bitcoin

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<p>This week has been extremely busy for <a href="https://en.coin-turk.com/tom-lee-sees-market-reaction-as-an-opportunity-for-savvy-traders/" rel="noopener noreferrer nofollow">cryptocurrencies</a>, with the latest major report being released recently. Although the employment report indicated a rise for cryptocurrencies, Bitcoin dipped below $87,000. Meanwhile, PMI data came in below expectations. What does the recently announced PMI report signify for cryptocurrencies?</p><h2 id="pmi-insights-and-bitcoin-s-reaction">PMI Insights and Bitcoin’s Reaction</h2><p>In the weekly calendar announcement on Sunday, we discussed what to expect. Today, employment data was released, and now the focus has shifted to the inflation report. Recently released PMI leading indicators, which reflect the state of the economy, fell below expectations. It was previously mentioned that PMI data falling short of expectations could be positive for cryptocurrencies. Indeed, when combined with the unemployment rate of 4.6%, the figures helped Bitcoin’s price climb back to $87,600.</p><p><img class="wp-image-511765 aligncenter" src="https://eduoh6ynr4t.exactdn.com/wp-content/uploads/2025/12/abd-pmi-16-aralik.png?strip=all" alt="" width="878" height="478"></p><p>Whether this is permanent is unclear, and concerns about Friday’s interest rate decision persist. However, short-term recoveries are something we might witness. If Bitcoin remains strong, we might see a brief test of $90,000 due to the impact of recent data.</p><p>Today’s PMI figures are preliminary numbers, indicating potentially strong deviations before the main report. The report shows a slowdown in recent economic growth momentum, which could aid the Fed in making a favorable interest rate decision in January for bulls.</p><h2 id="economic-outlook-and-market-implications">Economic Outlook and Market Implications</h2><p>S&amp;P Global Market Intelligence’s Chief Economist Chris Williamson commented on the report: “Although survey data indicate GDP growth of around 2.5% annually in the fourth quarter, growth has slowed for two months. With new sales declining sharply before the holiday season, economic activities may weaken further as we enter 2026. Signs of weakness are also broad-based; while the flow of work into the broader services economy reached an almost standstill, factory orders fell for the first time in a year. Manufacturers continuing production growth may need to reduce unsustainable production levels without renewed demand in the new year.”</p><p>The service sector experienced one of the slowest months for sales growth since 2023. Companies also lost some confidence in the future and restricted hiring in December to align with a more challenging business environment. The biggest concern is rising costs. Inflation spiked to its highest level since November 2022, triggering one of the sharpest sales price increases in the past three years. Price hikes, initially affecting the manufacturing sector, have now expanded to the services sector, further exacerbating affordability issues.”</p><p>Indeed, inflation concerns in the report details undermine the appetite triggered by figures below expectations within the <a href="https://en.coin-turk.com/poloniex-reveals-resumption-of-services-and-upcoming-airdrop-following-hack/" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/altcoin-analysis-near-theta-and-arb-potential-trends-and-market-dynamics/" rel="noopener noreferrer nofollow">crypto</a> market.</p><p>The post <a href="https://en.coin-turk.com/bitcoin-soars-as-pmi-data-falls-short-of-expectations/" rel="noopener noreferrer nofollow">Bitcoin Soars as PMI Data Falls Short of Expectations</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Soars as PMI Data Falls Short of Expectations

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