Bitcoin sustains 78K, PMI ignites rally: A 52.6 ISM recovery mirage?
Bitcoin observes early economic green shoots, yet market stability remains an uncertain venture. The PMI Puzzle: Is Bitcoin's $78K Bounce a Real Rally or a Macro Mirage? 🎢 A surprising uptick in a key factory gauge has the legacy markets rethinking their risk appetite, and naturally, the crypto world is scrambling to figure out if Bitcoin is about to ride a fresh wave higher or remain stuck in its post-peak chop. The Institute for Supply Management (ISM) just dropped a bombshell: their Manufacturing Purchasing Managers’ Index (PMI) unexpectedly climbed into expansion territory for January. This single data point is now fueling heated debates among market strategists and crypto analysts alike, slicing through the cautious sentiment we’ve seen for months. Bitcoin's apparent recovery might be a fragile illusion, deman...