Crypto Index Tracker: Bitcoin Slips On Higher Than Expected Nonfarm Payroll Data
- By Dalvir Mandara
- 4 min read
Crypto markets initially rallied this week after the ISM manufacturing purchasing managers index (PMI) fell to 50.9 in September (the lowest level since May 2020) against an expected 52.2. Bitcoin opened the week around $19,000 before hitting intraday highs of around $20,400 yesterday. It is currently trading at around $19,500 after the release of higher-than-expected NFP data for September (+263k).
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