ISM Prices Index hits 77.9 as Bitcoin faces macro headwinds near $85,000
CIE News ·
The September ISM Prices Index surged to 77.9 alongside a 54.5 PMI reading, sustaining inflation risks and borrowing pressures for Bitcoin (BTC) as the asset tests resistance around the $84,000 to $85,000 level.
On October 1, 2026, the Institute for Supply Management reported that the September Prices Index climbed to 77.9 from 71.1 in August, while the manufacturing PMI reached 54.5. The accelerated input costs reflect persistent inflation pressures, presenting liquidity headwinds for digital assets as Bitcoin (BTC) tests resistance between $84,000 and $85,000.
Borrowing costs remain elevated alongside a 10-year Treasury yield hovering near 5.24%. According to bloomingbit.io, Federal Reserve officials have indicated they may avoid an immediate interest-rate hike in October, with the 10-year yield easing back after crossing 5.34% during recent trading sessions.