On-Chain Data

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PMI Surprises to the Upside, Raising the Odds of a Rate Hike to 70.9%: Can Bitcoin’s $84k Support Hold? How Will the Altcoin Market Play Out?

On September 23, 2026, preliminary U.S. September PMI data released by S&P Global exceeded market expectations across the board, immediately triggering a Chain Reaction across global risk assets. The CME FedWatch tool shows that the probability of the Fed keeping rates unchanged at 3.75%-4.00% at its October meeting is 29.1%, while the probability of a 25-bps rate hike is 70.9%. Meanwhile, according to data from Gate 行情, 比特币 was trading near $84,138 as of September 24 Beijing time, down approxim
BTC-2.90%
ETH-3.31%
GateInstantTrends·1h ago
PMI Surprises to the Upside, Raising the Odds of a Rate Hike to 70.9%: Can Bitcoin’s $84k Support Hold? How Will the Altcoin Market Play Out?