Important economic data are being followed this week for Bitcoin, which dropped to $27,000 following the ongoing tension between Israel and Hamas.
At this point, data on the Producer Price Index (PPI) was announced today.
The data disclosed is as follows:
Producer Price Index (PPI) (Annual): Announced 2.2% – Expected 1.6% – Previous 1.6%
Producer Price Index (PPI) (Monthly): Announced 0.5% – Expected 0.3% – Previous 0.7%
Core Producer Price Index (PPI) (Annual): Announced 2.7% – Expected 2.3% – Previous 2.2%
Core Producer Price Index (PPI) (Monthly): Announced 0.3% – Expected 0.2% – Previous 0.2%
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.