$BTC
Tonight is expected to be highly volatile with several important press conferences from major figures following the Jackson Hole meeting.
Here's a recap of yesterday's key news:
- **Manufacturing Weakness**: There was a noticeable slowdown in manufacturing, leading to a stock market adjustment.
- **Surprisingly Strong Service PMI**: The service sector PMI unexpectedly increased to 55.2, surpassing both last month’s 54 and the forecast of 55. This strength significantly reduced recession fears.
- **Rising Home Sales**: Contrary to predictions of a decline, home sales increased, indicating that the U.S. real estate market remains strong despite recession risks.
Unfortunately, despite these developments, stocks adjusted, and $BTC still hasn't broken through the $62k level.
