Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

Fear Makes Quick Return to Crypto Markets as Bitcoin Plunges Most in 2 Months

Bitcoin buyers stepped in on Monday after the U.S. Institute of Supply Management said its manufacturing purchasing managers’ index dropped to 50.9 in September, the lowest reading since May 2020, from 52.8 in August. Notably, the index’s new orders and employment measures contracted, strengthening the case for the Fed pivot.

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