Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

Market Wrap: Crypto Markets Trade Higher as Fed Raises Rates by Expected Amount

Bitcoin buyers stepped in on Monday after the U.S. Institute of Supply Management said its manufacturing purchasing managers’ index dropped to 50.9 in September, the lowest reading since May 2020, from 52.8 in August. Notably, the index’s new orders and employment measures contracted, strengthening the case for the Fed pivot.

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.