The leading cryptocurrency Bitcoin fell below $ 58,000 yesterday and then recovered.
At this point, while BTC has been exhibiting quite volatile movements in recent days, 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 0.4%
Core Producer Price Index (YoY): Announced 2.4%– Expected 2.7%– Previous 3.0%
Producer Price Index (Monthly): Announced 0.1%– Expected 0.2% – Previous 0.2%
Producer Price Index (Annual): Announced 2.2%– Expected 2.3%– Previous 2.6%
Following the incoming PPI data, the first reaction of Bitcoin and Dollar (DXY) was as follows:
*This is not investment advice.