🚨🚨🚨US S&P Global Services PMI Data (January)

📌Services PMI: 52.9 (Est: 52.9, Prev: 52.8)

📌Composite PMI: 52.7 (Est: 52.5, Prev: 52.4)

✅ The services sector growth aligns with expectations, while the composite PMI shows a slight uptick. This indicates steady expansion in the US economy.

💡 Potential Impact on Crypto Markets:

📌PMI data reflects economic activity strength, which can influence risk appetite. Positive data may bolster optimism in crypto markets.

📌However, Fed's interest rate expectations and broader macroeconomic factors will remain key drivers. #PMI $BTC