According to cryptocurrency analysts, Bitcoin's value may decrease following a dismal report from the US Federal Reserve indicating a severe decline in manufacturing activity, the worst since 2020. The Philadelphia Federal Reserve Manufacturing Index revealed significant drops in overall business activity, which experts believe places Bitcoin 'under short-term pressure.' Currently priced around $84,000, analysts from Bitunix note that Bitcoin could rebound if it maintains this level. The decline in manufacturing is coupled with rising costs attributed to US President Donald Trump's proposed tariffs on imports, which could severely impact production expenses. Bitcoin has experienced relative stability, trading flat after an initial drop since the tariff announcement, contrasting with the S&P 500 index, which has seen a greater decline. Despite recent losses, analysts assert that Bitcoin has shown resilience compared to other traditional assets during this economic uncertainty.

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