The post Bitcoin Price Braces for US PMI & Job Data, Here’s What to Expect appeared com. Key Insights: Traders are closely looking forward to Bitcoin price action once the Institute of Supply Management releases U. S. Manufacting PMI data on Jan 5. Even though Bitcoin isn’t tied to the economy like stocks, it often moves like it is. Around big economic reports, it reacts to changes in liquidity, investor risk appetite, and expectations for interest rates. The report can shift how traders see growth and inflation. That also affects expectations for what the Federal Reserve might do next. Traders are closely looking forward to Bitcoin price action once the Institute of Supply Management releases U. S. Manufacturing PMI data on Monday. The market anticipates steady economic growth without rising inflation for the price of Bitcoin to absorb demand. BitcoS. Manufacturing Data The PMI comes from a survey of purchasing managers. These include the people on the factory floor who see orders, inventories, delivery delays, and supplier costs up close. It’s not perfect, but it gives a quick look at what’s happening in the economy. Even with tons of data available today, markets still pay attention to this report. A weak headline can hide rising costs. A strong headline can be good news only if it does not bring a fresh inflation penalty. For Bitcoin price, that penalty matters most. It shapes expectations for what the Federal Reserve might do next and can influence risk sentiment in the market. How Manufacturing Data Shapes Bitcoin Price Action? Bitcoin is not tied to factories or corporate profits. It does not have to move like traditional stock indexes. Even though Bitcoin isn’t tied to the economy like stocks, it often moves like it is. Around big economic reports, or U. S. job data, it reacts to changes in liquidity, investor risk appetite, and expectations for interest rates. The.
