EconomyUS factory costs spike, threatening Bitcoin’s rally above $85,000
US manufacturers reported broader input-price increases in September, pushing the ISM manufacturing prices index to 77.9. If the data strengthen expectations for higher interest rates, more expensive financing and improved returns on interest-bearing dollar assets could weigh on Bitcoin’s attempt to move above $85,000. The impact depends on the jobs report and shifts in rate expectations.
US factory costs spike, threatening Bitcoin’s rally above $85,000
Economy