U.S. Services PMI Sinks Near Pandemic Lows, Increasing Fed Rate Cuts Odds – Catalyst for $150K Bitcoin?

U.S. PMI has fallen to 50 and markets have increased probabilities of a Fed Rate cut as labor has softened and core PCE has held at 2.9%. Bitcoin has reached a 50-day high with strong ETF demand, record open interest, and technical strength toward a potential $150K path.