Bitcoin Faces 3% May Decline Amid Awaited US Economic Data

2026-06-01 08:53

Bitcoin traded near $73,500 on Sunday, poised for a potential 3% decline in May as traders await key US economic data. The upcoming ISM Manufacturing PMI and employment figures are expected to influence risk assets, including Bitcoin, which has seen limited movement despite recent highs in US equities. Analysts suggest a weekly close above $73,000 could signal a bullish trend continuation. Market participants are focused on macroeconomic indicators, with the PMI and employment data likely to drive volatility. A stronger-than-expected report could boost Bitcoin, while weaker data might keep it within its current range. The $73,000 level remains a critical point for traders assessing Bitcoin's potential breakout or continued consolidation.

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