ISM Manufacturing PMI Hits 55.5, Boosting Crypto Supercycle Thesis
The expansion signal supports a liquidity-driven risk-on case, but elevated prices paid, rate-hike risk and an unbroken altcoin downtrend remain key tests.
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The expansion signal supports a liquidity-driven risk-on case, but elevated prices paid, rate-hike risk and an unbroken altcoin downtrend remain key tests.
Williams's Sept 29 hint that another hike might be appropriate just got a 58.6% input-cost reading to back it up. Bitcoin's $85K test is now running into a policy corridor, not just a price level.
Durable bipartisan rules could make crypto less exposed to policy reversals, while the US-China contest over AI and crypto raises the strategic stakes.
A 9-3 Fed hold with three hawkish dissents reframes this week's labor prints as a referendum on whether the pause was justified, putting the $62,200 floor at risk.