Midday news:

Yesterday, the Federal Reserve released the PMI data for August. The expected value was 49.6, and the actual value was 48, which was lower than expected, which is good for the market in theory.

However, BTC has been sideways around 60000u for a month. Although from historical data, BTC's sideways movement is often good for altcoins, but BTC's continued rise is not necessarily good for altcoins.

The current market trend also verifies this point, and altcoins are becoming active.

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