BREAKING! US PPI Data Announced! What Was the First Reaction of Bitcoin (BTC) and the Dollar?
US PPI data released.
The leading cryptocurrency Bitcoin fell below $ 58,000 yesterday and then recovered.
At this point, while BTC has been exhibiting quite volatile movements in recent days, data on the US Producer Price Index (PPI) was announced today.
The data disclosed is as follows:
Core Producer Price Index (Monthly): Announced 0.0% – Expected 0.2% – Previous 0.4%
Core Producer Price Index (YoY): Announced 2.4%– Expected 2.7%– Previous 3.0%
Producer Price Index (Monthly): Announced 0.1%– Expected 0.2% – Previous 0.2%
Producer Price Index (Annual): Announced 2.2%– Expected 2.3%– Previous 2.6%
Following the incoming PPI data, the first reaction of Bitcoin and Dollar (DXY) 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.
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