Catalyst #1 of 5 this week: missed ❌
ISM Services PMI came in at 54.9, below the 55 consensus. Bitcoin slipped under $86,000, still ranging $84K-$88K.
Follows last week's NFP miss (29K vs. 90K) — adding to the "labor and services cooling" narrative.
Left this week: FOMC Minutes (Wed), jobless claims (Thu), Michigan inflation data (Fri) — each another piece for the Fed's Oct 28 decision.
Spot BTC ETFs still pulled in $241M last week despite the chop.
$BTC $ETH
#fomc #bitcoin #CryptoMarket
ISM Services PMI came in at 54.9, below the 55 consensus. Bitcoin slipped under $86,000, still ranging $84K-$88K.
Follows last week's NFP miss (29K vs. 90K) — adding to the "labor and services cooling" narrative.
Left this week: FOMC Minutes (Wed), jobless claims (Thu), Michigan inflation data (Fri) — each another piece for the Fed's Oct 28 decision.
Spot BTC ETFs still pulled in $241M last week despite the chop.
$BTC $ETH
#fomc #bitcoin #CryptoMarket