Although the inflation data announced yesterday came in line with expectations, Bitcoin fell to $ 40,500. While BTC is currently above $41,000, important economic data is being followed in the Bitcoin and crypto market this week.
At this point, 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 0.0%
Core Producer Price Index (Annual): Announced 2.0% – Expected 2.2% – Previous 2.4%
Producer Price Index (Monthly): Announced 0.0% – Expected 0.1% – Previous -0.5%
Producer Price Index (Annual): Announced 0.9% – Expected 1.0% – Previous 1.3%
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.