King crypto currency The unit exceeded $ 88,200 at the time of preparing the article and on March 7, the decline was accelerated. Consolidation is essential for a long time to be early to rejoice and for a long time to convince investors to rise, but still the back of the bottom is promising. Important US PMI data were also announced recently.
US data latest developments
US S&P service PMI (Flash – Pre -data) and production data were announced. Service PMI The expectation for 51 was 54.3. While the expectation for production was 51.7, we saw that 49.8 was announced. Service sector data came well above expectations. The 54.3 level indicates that growth in the industry is accelerating (PMI indicates growth of over 50). However, although the manufacturing expectation is significantly below the expectation, the previous month missed quite a lot. The contraction in production should warn the FED more about recession concern and push it to accelerate the relaxation it receives.
In this form, the future data can be said to be positive for crypto currencies. Pioneer data Since these figures are important in terms of reflecting the direction of future data. However, it is normal to see significant deviations according to the pioneering data when the final data are announced.
Bitcoin 
$87,835.52 The situation is positive. If the thresholds of $ 91,000 and $ 94,000 can be overcome, Altcoin investors can finally say “oh be”.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
