U.S. Services PMI Sinks Near Pandemic Lows, Increasing Fed Rate Cuts Odds – Catalyst for $150K Bitcoin?

U.S. services activity unexpectedly slowed in September, pushing the ISM services PMI to 50 and reinforcing growing odds of near-term Fed rate cuts. This macro pivot could help fuel a new leg higher for Bitcoin and put a $150K target back on the table. September’s ISM services report showed meaningful weakness across the board, with the Business Activity index falling into contraction at 49.9, and New Orders weakened sharply, showing that service-sector growth is stalling. Macro Context with PMI, Labor, ...