Bitcoin faces pressure after Fed outlook shifts as PMI data points to 1% growth and inflation near 4%

US business activity slowed in March, and the new PMI data delivered a warning that markets are starting to price in: growth is losing momentum just as price pressures pick up again. That creates a pretty tough backdrop for Bitcoin to trade in. When the economy cools while inflation stays elevated, traders expect the Federal The post Bitcoin faces pressure after Fed outlook shifts as PMI data points to 1% growth and inflation near 4% appeared first on CryptoSlate.