Macro Alert: ISM Services PMI Slumps, Crypto Markets Slide
The U.S. ISM Services PMI slowed to 50.1 in July (down from 50.8), triggering stagflation fears. Cryptos responded with Bitcoin dipping toward $113K, XRP down ~4–5%, and meme coins falling ~5% overall—though Mantle (+8.5%) and Pump.fun (+6%) bucked the trend.📉
(Source: ISM Services data)
economictimes.indiatimes.com+10 fxstreet.com+10 binance.com+10 coindesk.com ainvest.com
📌 What to Watch Next:
With risk assets under pressure, selective altcoins are outperforming.
Bitcoin and ETH remain relatively resilient; XRP’s decline underscores rotation into stability.
When sentiment shifts, will altcoins introduce fresh opportunities at attractive entry levels?
💬 Your thoughts?
Do you see altcoins at “fire-sale” valuation ready to bounce—or is caution still warranted for most tokens? Which sectors will lead the rebound? Share your view below!👇
