Crypto

Bitcoin and Gold Rally as US Services PMI Surpasses Expectations

Guavy AI Editorial Team Published September 3, 2026

Instruments

BTC

The US Services PMI rose to 55.4 in August, surpassing expectations and sparking a rally in Bitcoin and Gold prices.

Bitcoin (BTC) surged above $80,000, while Gold (XAU/USD) traded at $4,500, up over 2% on the day.

The improved PMI data suggests accelerating momentum across the sector, but inflationary pressures remain elevated, with the PPI rising to 72.6 in August.

Tech analysis shows Bitcoin holding comfortably above key EMA layers, while Gold's near-term bias remains bullish as spot remains above its EMAs.

The Wire

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