The New York Fed’s March 2025 Producer Price Index (PPI) plummeted to -20, significantly lower than the forecast of -0.75 and February’s reading of 5.7, signaling a sharp decline in manufacturing activity.

Weak manufacturing data has heightened recession fears, putting pressure on the USD and causing Bitcoin to drop to $84,000, prompting market caution.

Manufacturing index decline raises economic concerns

Bitcoin Reacts to U.S. Economic Data

Bitcoin fell below $84,000, while stock futures fluctuated, reflecting macroeconomic concerns. The crypto market remains sensitive to manufacturing data, with Bitcoin slipping by 0.2%.

Trading around $84,000, Bitcoin’s price highlights its vulnerability to economic signals. Analysts suggest that the crypto market will continue to respond to economic data releases. The USD is under pressure, with expectations of heightened financial market volatility.

The manufacturing index may influence monetary policy decisions, drawing attention to upcoming economic reports.

Gradually, BTA senses that the crypto market is following the stock market, reacting significantly to economic news. What do you think? Drop a comment below to let BTA know!

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