November's ISM Manufacturing Prices Index just dropped at 58.5, ticking up from October's 58.0. That half-point climb signals manufacturing costs are still climbing—not exactly what you'd want to see if you're betting on inflation cooling off anytime soon. For crypto traders, this kind of sticky price pressure usually means the Fed might keep rates higher for longer, which historically puts downward pressure on risk assets. Worth keeping an eye on how Bitcoin reacts to this macro print over the next few sessions.
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TokenVelocity
· 8h ago
Here we go again, ISM data has risen again, will Bitcoin have to kneel again?
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CryptoPunster
· 8h ago
It's delayed again, and this time it's the manufacturing inflation. As the Fed continues to stubbornly hold the Interest Rate, the coins in our hands will have to continue taking hits, laughing as we lose this deal.
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EyeOfTheTokenStorm
· 8h ago
Sticky inflation pressures remain, and the Fed's dream of cutting interest rates is postponed again. This wave is indeed unfavorable for risk assets... The performance of Bitcoin in the past few trading days will be crucial.
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MaticHoleFiller
· 8h ago
The Fed has to keep holding on, BTC is going to suffer this time.
November's ISM Manufacturing Prices Index just dropped at 58.5, ticking up from October's 58.0. That half-point climb signals manufacturing costs are still climbing—not exactly what you'd want to see if you're betting on inflation cooling off anytime soon. For crypto traders, this kind of sticky price pressure usually means the Fed might keep rates higher for longer, which historically puts downward pressure on risk assets. Worth keeping an eye on how Bitcoin reacts to this macro print over the next few sessions.