US June PMI Data Shows Slowed Growth with Minimal Crypto Impact
- June PMI reflects softened growth, no major crypto effects observed.
- Minimal crypto market movement with ongoing cost pressures.
- No major commentary from US macro or crypto sector.
In June 2025, S&P Global reported a slight dip in US private sector growth as the Services and Composite PMI recorded at 52.9.
S&P Global’s June PMI data is crucial, indicating a slightly softer growth trend. The reporting points to ongoing cost pressures but no major movements in major crypto assets.
The S&P Global US Composite PMI for June stood at 52.9, slightly down from May’s figures. Both Composite and Services PMI indices are compiled from corporate surveys, reflecting continued but slowed economic activity.
As per the data, the US private sector continues to grow, though expansion in services decelerated. Historically, strong PMI figures boost risk assets like BTC and ETH, but the June signals showed mixed macro trends.
Market reactions remain moderate without significant adjustments in crypto valuations. The impact is minimal as investors adopt a wait-and-see approach, while cost pressures and selling prices increase.
“A further increase in US service sector business activity was recorded in June, although the rate of growth lost some momentum compared to May and remained well below levels recorded in the second half of 2024… cost pressures remained strong, whilst there was another steep increase in selling prices. Confidence in the outlook remained positive but was again below its trend level.” – S&P Global PMI Research Team, Research Note, S&P Global, S&P Global Official Release
Historically, soft PMI prints instigate short-term volatility, especially among leading cryptocurrencies. However, at present, the moderate nature of this report has resulted in limited or subdued reactions within the market.
Crypto market sensitivity revolves mainly around BTC, ETH, and macro-related DeFi protocols. Despite the unchanged TVL and exchange flows, close monitoring remains crucial going forward.
Insights into future outcomes emphasize monitoring cost trends, tariff influences, and growth rates affecting BTC and ETH. Analysts suggest developments could reshape sentiment, aligning with past performance patterns amid uncertain growth prospects.
