Bitcoin's price remained subdued, failing to break above the $65,000 mark amid recent US Purchasing Managers’ Index (PMI) data that sparked renewed worries about stagflation, according to CoinTelegraph. The data pointed to slowing economic growth combined with persistent inflation fears, creating a cautious environment for investors.
Alongside Bitcoin, traditional markets such as stocks and gold also reacted to the PMI figures, reflecting broader uncertainty about the economic outlook. The mixed signals from these assets underline the challenges faced by markets as they navigate potential stagflationary pressures.
For Japanese investors, the interplay between US economic indicators and global crypto trends remains critical, especially as risk sentiment influences both FX and equities markets domestically.