Weak US Manufacturing Data: Could It Spark a Longer Bitcoin Bull Run?

Recent weak US manufacturing data has raised concerns about the nation’s economic recovery, signaling a potential delay in interest rate hikes by the Federal Reserve. This unexpected slowdown could benefit Bitcoin, historically showing resilience during periods of economic uncertainty and low-interest rates. πŸ’° πŸ“ˆ πŸ“š Investors are now speculating that Bitcoin’s current bull cycle, which many believed might peak soon, could extend beyond expectations. The reduced likelihood of aggressive monetary tightening gives crypto assets more room to grow. As the Fed maintains a potentially dovish stance, investor interest in risk-on assets like cryptocurrencies is likely to surge. πŸ“ˆ πŸ“š πŸ’°