US factory prices index jumps to 77.9, posing risk to Bitcoin's rally above $85,000
- —ISM prices index rose 6.8 points to 77.9; 58.6% of respondents reported higher input prices
- —US manufacturing PMI came in at 54.5, new orders at 55.3 and employment at 52.7
- —The Fed raised rates to 3.75%-4% on Sept. 16; Williams floated another hike later this year
- —September's jobs report on Oct. 2 will shape rate expectations
Why it matters: Rising input costs and solid activity could delay rate cuts, adding pressure on Bitcoin near $85,000.
Source: CryptoSlate