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.
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.