Bitcoin faces pressure after Fed outlook shifts as PMI data points to 1% growth and inflation near 4%

US business activity slowed in March, and the new PMI data delivered a warning that markets are starting to price in: growth is losing momentum just as price pressures pick up again. That creates a pretty tough backdrop for Bitcoin to trade in. When the economy cools while inflation stays elevated, traders expect the Federal […] The post Bitcoin faces pressure after Fed outlook shifts as PMI data points to 1% growth and inflation near 4% appeared first on CryptoSlate.