US ISM services data: prices accelerate, Bitcoin back near $86.5K
- —ISM services came in at 54.9 vs 55 expected and 55.4 prior
- —Prices-paid index rose to 74, the sixth reading above 70 in seven months
- —Employment index returned to expansion at 50.1 vs 48.8 expected
- —Bitcoin climbed back to local highs around $86,500
Why it matters: Faster services inflation complicates Fed rate cuts, yet BTC's resilience to hot data may signal a shift in how investors price risk.
Source: Bithub