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Bitcoin Surges as China's Manufacturing Sector Beats Expectations

Guavy AI Editorial Team
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BTC
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China's manufacturing sector showed resilience in August as it beat expectations in the National Bureau of Statistics (NBS) Manufacturing PMI reading. The actual figure for August was 49.8, higher than forecasted.

The news comes on a day when Bitcoin is trading above $77,000, having sustained monthly gains of over 20% so far. This bullish trend in the cryptocurrency market may be influencing broader market sentiment towards risk-on trades.

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