Bitcoin fell into the red on March 2, as markets reacted to further negative data from the United States. The nation’s manufacturing sector contracted for a fourth straight month in February, which comes as consumer confidence also fell last month. Ethereum was also lower, retreating from yesterday’s high. Bitcoin Bitcoin ( BTC ) fell lower in today’s session, as markets reacted to news that the U.S. manufacturing sector remained in contraction territory. In its monthly report, the ISM’s manufacturing index came in at 47.7, and typically any reading below 50.00 indicates contraction. As a result of this, BTC /USD slipped to an intraday low of $23,374.66, which comes a day after trading at a high of $23,821.15. The drop came as bitcoin bulls were unable to sustain a breakout above a resistance level of $23,800. Additionally, the 14-day relative strength index (RSI) has also declined, following a failed breakout of a ceiling at 55.00 At the time of writing, price strength is tra
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