# PMI Related Articles

HTX News Center provides the latest articles and in-depth analysis on "PMI", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Bitcoin PMI Says This Is Not A Peak, Here’s What It Is

Bitcoin's price action has divided, with some calling a cycle peak and others expecting further rallies. A key macroeconomic indicator, the Bitcoin PMI, suggests the current phase is not the top. Historically, Bitcoin has never formed a true all-time high when the PMI was below 50. Each previous cycle peak occurred only after the PMI entered expansion territory above 50. Despite strong rallies and new highs in late 2025, the PMI remained sub-50, creating a disconnect with price action. Analysts argue that calling the top now is premature, similar to mistakes made in 2019-2020. This period may instead be a prolonged accumulation phase, with the real cycle peak likely occurring only after PMI surpasses 50.

bitcoinist04/08 05:01

Bitcoin PMI Says This Is Not A Peak, Here’s What It Is

bitcoinist04/08 05:01

Is The Altcoin Market Dead? Why These Cryptocurrencies Have Failed To Move

The altcoin market has been a source of deep frustration for investors, failing to experience a sustained breakout despite numerous analyst predictions. According to crypto analyst Sykodelic, this stagnation is not due to the asset class being finished, but because the necessary macro backdrop for altcoin expansion never materialized. Altcoins are highly dependent on excess liquidity, performing best when money is loose, economic activity is strong, and investors are willing to move beyond Bitcoin. Sykodelic's analysis compares the OTHERS index (tracking cryptocurrencies outside the top ten) with two macro indicators: Federal Reserve Net Liquidity and the Purchasing Managers’ Index (PMI). Historically, these three have moved in tandem. During the 2020/2021 cycle, all rose together, with the OTHERS index surging from below $100 billion to nearly $600 billion. However, in the current cycle, Fed Net Liquidity has oscillated without a clear trend, and the PMI spent 26 consecutive months in contraction until returning to expansion in January 2026. Consequently, the OTHERS index has chopped sideways. Now, conditions may be improving. Fed net liquidity appears to have bottomed and reversed upward, while the PMI has moved into expansion territory (registering 52.6% in January 2026). These changes could finally build the foundation for an altcoin season, with Sykodelic’s chart projecting a potential rise in the OTHERS index market cap to the $560 billion range.

bitcoinist03/17 02:02

Is The Altcoin Market Dead? Why These Cryptocurrencies Have Failed To Move

bitcoinist03/17 02:02

Why is crypto’s refusal to break under Iran-U.S. FUD bullish?

Amidst recent U.S.-Iran geopolitical tensions, the crypto market demonstrated notable resilience, closing significantly higher instead of declining as might be expected during periods of uncertainty. This bullish response suggests that traders are not pricing in prolonged conflict but rather viewing the situation as a short-term event. Strong U.S. economic data, including a positive ISM Manufacturing PMI, provided fundamental support, encouraging risk-on behavior. Additionally, capital rotated away from traditional safe-haven assets like gold and into cryptocurrencies, signaling growing confidence in crypto’s strength. This combination of resilient price action, macroeconomic support, and shifting investor sentiment indicates a potentially strong bullish setup for the crypto market, fueling FOMO and reinforcing upward momentum.

ambcrypto03/03 09:02

Why is crypto’s refusal to break under Iran-U.S. FUD bullish?

ambcrypto03/03 09:02

Crypto Market Could Bear the Brunt of Oil Price Rise

The crypto market is showing signs of recovery with rising prices for major cryptocurrencies like BTC and ETH, alongside a 2.72% increase in total market capitalization. However, this recovery faces a potential setback due to rising oil prices, driven by ongoing Middle East tensions. Higher oil costs could fuel inflation, prompting investors to seek safer assets and negatively impacting crypto. Brent crude futures have already increased, and supply risks persist. Additionally, PMI data for the US and India showed mixed results in February 2026, with expectations of further impact in March. Analysts note a high chance of Bitcoin falling to $60,000 this year due to these macroeconomic pressures.

TheNewsCrypto03/03 08:08

Crypto Market Could Bear the Brunt of Oil Price Rise

TheNewsCrypto03/03 08:08

JPMorgan: Bullish on Gold and Copper, Bearish on Energy, Post-Crash Market Has Split into Two Worlds

J.P. Morgan's Global Market Strategy views the recent sharp sell-off in commodities as a healthy correction rather than a trend reversal, presenting a buying opportunity for metals while expecting further declines in energy. The divergence is driven by differing supply dynamics, despite supportive global demand from recovering manufacturing PMIs and expansionary fiscal policies. The firm remains structurally bullish on gold, viewing the pullback as healthy amid continued central bank buying (forecast at 800 tons this year) and investor diversification. It sees gold reaching $6,300/oz by year-end. While more cautious on silver due to its volatility, it expects support around $75-80/oz. Copper is also seen as a buy on dips, with potential for prices to exceed $15,000/t later this year due to anticipated supply tightness and strong demand. In contrast, the energy complex is expected to weaken. Oil prices are seen carrying a $7/barrel geopolitical premium from Iran tensions, which should fade. The report predicts global supply growth will outpace demand by threefold. Natural gas prices, which spiked on cold weather and low inventories, are already retreating as forecasts normalize.

marsbit02/09 05:23

JPMorgan: Bullish on Gold and Copper, Bearish on Energy, Post-Crash Market Has Split into Two Worlds

marsbit02/09 05:23

Bitcoin Holds $78K Amid Signs Of Economic Recovery: Analysts

A surprise jump in the ISM Manufacturing PMI to 52.6 in January—indicating economic expansion—has sparked debate among analysts about Bitcoin’s next move. Some, like Joe Burnett of Strive, note that similar breakouts in 2013, 2016, and 2020 preceded major Bitcoin bull runs. The stronger data may signal a shift toward risk-on sentiment, potentially benefiting assets like Bitcoin. Bitcoin recently fell from over $125,000 to around $78,000, following liquidations and macro shocks. It has behaved more like a risk asset than a safe haven, correlating closely with tech stocks. While some see the dip as a buying opportunity, analysts are divided on the outlook—ranging from bullish year-end projections to warnings of further retracement. Uncertainty remains high, and Bitcoin’s path will depend on macro policy, ETF flows, and trader sentiment—not just a single economic indicator.

bitcoinist02/04 02:02

Bitcoin Holds $78K Amid Signs Of Economic Recovery: Analysts

bitcoinist02/04 02:02

Is altseason finally brewing? Only if THESE 2 indicators flip first

Hopes for an altcoin season in 2026 are building as investors look beyond Bitcoin, but conditions for a full altcoin rally are not yet firmly in place. Two key indicators need to flip first. The latest ISM Manufacturing PMI reached 52.6%, its highest in nearly 40 months, pushing U.S. manufacturing into expansion territory. Historically, altcoin rallies followed periods when ISM moved decisively higher, particularly above the 55 mark, as seen in 2017 and 2021. While current levels are below that threshold, a potential turning point may be emerging. However, Ethereum (ETH), a known harbinger of altseason, has closed in the red for 12 of the last 15 months, showing a prolonged stretch of weakness with uneven gains and frequent drawdowns. Sustained altseasons have almost always followed a clear and consistent uptrend in Ethereum. Furthermore, the Altcoin Season Index from CoinGlass was at 39, below the level that usually indicates a rotation away from Bitcoin. At the same time, Bitcoin dominance (BTC.D) remained high near 60% on the daily chart. Altseasons typically begin with a clear decline in BTC dominance as investors move down the risk curve, a shift that has not yet occurred. Overall, while altseason expectations are growing, they may be premature. Early macro signals are improving, but the market lacks a trigger for a true altseason, and capital remains firmly in Bitcoin.

ambcrypto02/03 17:02

Is altseason finally brewing? Only if THESE 2 indicators flip first

ambcrypto02/03 17:02

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