Bitcoin: Supply-Chain Metric Could Trigger Volatile Repricing, Analysts Say
According to reports, Bitcoin's price may face volatility based on the Institute for Supply Management's (ISM) Manufacturing PMI report. The report, particularly the Prices Paid sub-index, is seen as a key indicator of potential cost pressures and inflation. The ISM Manufacturing PMI is derived from a survey of purchasing managers, reflecting insights into orders, inventories, delivery times, and supplier quotes. The report's sub-indexes, especially Prices Paid and Supplier Deliveries, offer insights into supply chains, tariffs, and cost pressures. Traders will be watching to see if inflationary pressures are resurfacing.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.