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U.S. Imports Plunge To Lowest Levels Since 2009—Bitcoin Holds $105K

  • The ISM Manufacturing PMI report for May indicated continued contraction in the sector for the third consecutive month, with factory activity remaining weak.
  • Imports of American goods hit their lowest levels in 16 years, with the Import Index plunging to 39.9% in May, reflecting the impact of new tariffs and ongoing trade tensions.
  • Bitcoin experienced fluctuations, dropping to $103,718 before rebounding to $105,283, trading at a 0.50% deficit over the last 24 hours.
  • Investors are keeping an eye on key economic data this week that could influence Bitcoin's trajectory, with markets showing sensitivity to factors like inflation and labor reports.

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