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.