Crypto NewsAnalysisBREAKING! US PPI Data Announced! What Was Bitcoin's (BTC) First Reaction?

BREAKING! US PPI Data Announced! What Was Bitcoin's (BTC) First Reaction?

US PPI data released.

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The leading cryptocurrency Bitcoin (BTC), after the pullback it has experienced in recent days, rose above $ 100,000 again in the evening hours following the CPI data from the USA yesterday.

While BTC has managed to stay above $100,000, data on the US Producer Price Index (PPI) was also announced today.

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The data disclosed is as follows:

Core Producer Price Index (Monthly): Announced 0.2% – Expected 0.2% – Previous 0.3%

Core Producer Price Index (YoY): Announced 3.4%– Expected 3.2% – Previous 3.1%

Producer Price Index (Monthly): Announced 0.4%– Expected 0.2% – Previous 0.2%

Producer Price Index (Annual): Announced 3.0%– Expected 2.6%– Previous 2.4%

In addition to the PPI data, applications for unemployment benefits were also announced.

Unemployment Claims: Announced 242k – Expected 221k – Previous 224k

Bitcoin's first reaction after the incoming PPI data was as follows:

 

*This is not investment advice.

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