Key Week for Bitcoin (BTC) and the Dollar Index (DXY)

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That said, July’s weaker-than-expected ISM PMI, released Aug. 1, triggered recession fears, weighing on risk assets even as the dollar dropped. BTC fell 3.7% to $62,300 that day. Traders, therefore, should watch out for a “growth scare” should the PMI come in worse than expected.

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