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Bitcoin dips below $84K after US PMI hits strongest level since 2021, raising rate hike concerns.

Market News
23 Sep 2026
Coinpaper
View Source
Bearish
Bitcoin dips below $84K after US PMI hits strongest level since 2021, raising rate hike concerns.

Bitcoin fell sharply from above $87,000 to around $83,878 amid strong US economic data showing a PMI of 58.4, the highest since July 2021. This robust reading suggests brisk economic growth, which may lead the Federal Reserve to maintain or increase interest rates, putting pressure on risk assets like Bitcoin. Despite strong inflows into US spot Bitcoin ETFs before the dip, rising Treasury yields above 5% reflect investor caution. The pullback tests whether demand for Bitcoin can hold as economic strength challenges the rally.

Bitcoin trades at Rp1.497.000.000 on Pluang as of Sep 23, 2026 23:24 WIB, down 3.05% in the past day. This decline aligns with the article's note of Bitcoin slipping below $84,000 following strong US PMI data. On Pluang, the market shows a balanced order activity with 46% Sell and 54% Buy, while typical hold time is 110 days, indicating steady investor engagement despite recent volatility.

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