logo
welcome
CoinGape

CoinGape

Breaking: Bitcoin Dips After US PMI Data Shows Shrinking Economy

CoinGape
Summary
Nutrition label

79% Informative

US Purchasing Managers’ Index ( PMI ) data by S&P Global , monitors both the manufacturing and services sector, came in at 47.3 in September , down from the previous month’s figure of 47.9 .

The data also showed that the US manufacturing segment moved deeper into the contraction area at the end of the third quarter of 2024 .

Meanwhile, this contracting data also appears to have weighed on the traders’ sentiment, as evidenced by the recent decline in Bitcoin and other altcoins.

VR Score

74

Informative language

70

Neutral language

62

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links