Cryptocurrency

Reserve

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-monitor-economic-trends-affecting-cryptocurrencies" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Monitor Economic Trends Affecting Cryptocurrencies</a><br></p>
<p style="text-align: justify">The week unfolds with critical macroeconomic shifts impacting cryptocurrency investors. Notably, recent PMI data has been unveiled, and the Federal Reserve has initiated interest rate cuts, with expectations for more reductions on the horizon. However, these developments are shrouded in anxiety, as investors remain wary of a looming recession.</p>
<h2 id="what-does-the-us-pmi-data-reveal">What Does the US PMI Data Reveal?</h2>
<p style="text-align: justify">Economic growth continuity could mitigate recession worries, providing some respite for investors. Historical data shows that markets have often declined during periods of interest rate cuts. To prevent a downturn in risk markets, it’s crucial to avoid a recession-induced rate cut scenario.</p>
<h2 id="which-current-economic-indicators-matter">Which Current Economic Indicators Matter?</h2>
<p style="text-align: justify">Cryptocurrency investors ideally hope for decreasing interest rates without the onset of a recession. Indicators, such as GDP and PMI, are pivotal in gauging economic stagnation. GDP results are anticipated on Thursday, while PMI figures have just been made public.</p>
<p style="text-align: justify">PMI, derived from surveys of sector purchasing managers, functions as a recession early warning. Specifically, the Services PMI gauges purchase volumes, demand, and sales in the service sector.</p>
<p style="text-align: justify">• US Services PMI reported at 55.4 (Expected: 55.2, Previous: 55.7)<br> • US Manufacturing PMI reported at 47 (Expected: 48.6, Previous: 47.9)</p>
<p style="text-align: justify">The release of these figures led <a href="https://en.bitcoinhaber.net/bitcoin-stumbles-versus-euro-in-coinbase-dip" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value to drop to $63,000. A manufacturing PMI below 50 indicates sector contraction, exacerbating recession fears. Although the Services PMI missed expectations, it remains relatively strong. The latest data suggests a challenging outlook for cryptocurrencies.</p>
<p style="text-align: justify">As investors navigate these economic indicators, their influence on the cryptocurrency market is undeniable. The interplay between interest rates and economic growth will continue to shape the investment landscape in the coming months, making vigilant monitoring essential for stakeholders.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/investors-monitor-economic-trends-affecting-cryptocurrencies" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Monitor Economic Trends Affecting Cryptocurrencies</a></h5>

Investors Monitor Economic Trends Affecting Cryptocurrencies

목차

BH NEWS

2024년 9월 23일에 게재된 다른 기사

China still controls 55% of Bitcoin hashrate despite crypto ban

Coinbase Brings cbBTC to Solana

Sui Network Breaks $900 Million in TVL as SUI Price Explodes

Bear Market Ethereum (ETH) Trade Leads to $132 Million Profit for Savvy Trader: Details

Could This Rising New Coin Outshine Bitcoin’s Legacy by 2025?

Kroma Secures Series A Funding from Prominent Investors

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!