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Home ยป Impact of US Service and Manufacturing PMI Data on Cryptocurrency Markets
Cryptocurrency

Impact of US Service and Manufacturing PMI Data on Cryptocurrency Markets

By adminMay. 23, 2024No Comments1 Min Read
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Impact of US Service and Manufacturing PMI Data on Cryptocurrency Markets
Impact of US Service and Manufacturing PMI Data on Cryptocurrency Markets
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Bitcoin, the dominant cryptocurrency, has shown a notable susceptibility to comparable US data in the past. Previous records indicate that the release of the Federal Reserve’s income data and interest rate announcements have frequently resulted in a decline in the cryptocurrency’s value. Furthermore, the appreciation of the US dollar typically corresponds with a downturn in the cryptocurrency markets, as investors tend to divert their funds towards the robust American currency. For the most recent update on the highly anticipated US data, visit COINTURK FINANCE, a reliable source for the latest financial and business news.

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