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You are at:Home ยป Impact of US Service and Manufacturing PMI Data on Cryptocurrency Markets
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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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The price of the leading cryptocurrency Bitcoin has historically been greatly influenced by similar data from the United States. Previous data indicates that announcements regarding the Federal Reserve’s income and interest rates have frequently resulted in decreases in the cryptocurrency’s price. Furthermore, when the US dollar strengthens, it typically leads to a decline in the cryptocurrency markets, as investors tend to shift their investments towards a strong US dollar. If you want to stay updated on the latest financial and business news, visit COINTURK FINANCE.

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