ISM Manufacturing PMI Surges to Four-Year High

The US economy has shown signs of strength in July 2026 as the ISM Manufacturing PMI climbed to 55.6, beating expectations of 54.

This positive number underscores the continued growth of the country's manufacturing sector, which is expanding at a healthy pace with strong factory output and rising new orders.

Historically, a sustained recovery in manufacturing has been associated with stronger performance in risk assets like Bitcoin and other cryptocurrencies.

The analyst notes that when similar periods of manufacturing expansion occurred in 2017 and 2020, they were followed by strong rallies in stocks and the crypto market.