BREAKING! US PPI Data Announced! What Was Bitcoin's (BTC) First Reaction?
Bitcoin (BTC) retreated to $107,000 levels despite the inflation data announced yesterday that came in below expectations.
While investors are wondering which direction Bitcoin and cryptocurrencies will go, data on the US Producer Price Index (PPI) was announced today.
The data disclosed is as follows:
Core Producer Price Index (Monthly): Announced 0.1% – Expected 0.3% – Previous -0.4%
Core Producer Price Index (YoY): Announced 3.0%– Expected 3.1%– Previous 3.1%
Producer Price Index (Monthly): Announced 0.1%– Expected 0.2% – Previous -0.5%
Producer Price Index (Annual): Announced 2.6% – Expected 2.6% – Previous 2.4%
In addition to the PPI data, Unemployment Benefit Applications were also announced.
Announced 248k – Expected 242k – Previous 247k
Bitcoin's first reaction after the incoming PPI data was as follows:
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Weekly Hot Picks: The Fed Cuts Rates and Indirectly "Injects Liquidity"! Silver Replaces Gold as the New Favorite?
The Federal Reserve is cutting interest rates and starting bond purchases, while Japan and other regions may turn to rate hikes. Silver repeatedly hits record highs, SpaceX is set for a 1.5 trillion IPO, and Oracle becomes the litmus test for the AI bubble. The Russia-Ukraine peace process is stuck on territorial issues, the US seizes a Venezuelan oil tanker... What exciting market events did you miss this week?
Key Highlights to Watch at Solana Breakpoint 2025
How does Solana seize market share in an increasingly competitive landscape?
Crucial Alert: ZRO Leads This Week’s $100M+ Token Unlocks – What Investors Must Know
Revealed: Why Tether’s $1.1 Billion Juventus Acquisition Bid Was Rejected
Trending news
MoreCrypto prices
More
