Although the inflation data announced yesterday came below expectations, Bitcoin dropped to $ 34,800 in the evening. Important economic data is being followed in the Bitcoin and crypto market this week as BTC rises above $ 35,000 again.
At this point, data on the US Producer Price Index (PPI) was announced today.
The data disclosed is as follows:
Producer Price Index (Annual): Announced 1.3% – Expected 1.9% – Previous 2.2%
Producer Price Index (Monthly): Announced -0.5% – Expected 0.1% – Previous 0.5%
Core Producer Price Index (Annual): Announced 2.4% – Expected 2.7% – Previous 2.7%
Core Producer Price Index (Monthly): Announced 0.0% – Expected 0.3% – Previous 0.3%
First Reaction of Bitcoin and DXY!
The first reaction of Bitcoin (BTC) and Dollar (DXY) after the incoming PPI data was as follows:
*This is not investment advice.
