The post Bitcoin Surges Over 1.5% Amidst December PPI Spike to 3.3% in the US appeared on BitcoinEthereumNews.com.

The latest data from the United States reveals that the December Producer Price Index (PPI) has reached a year-over-year rate of 3.3%, marking the highest level since February 2023. Additionally, the month-over-month figure for December stood at 0.2%, representing its lowest performance since September 2024. This significant economic indicator appears to have had a direct impact on Bitcoin, which experienced a temporary spike of more than 1.5% in response to the news. Currently, Bitcoin is trading at approximately $97,124. Market analysts are closely scrutinizing these developments, as fluctuations in the PPI can signal shifting trends in inflation, a critical factor influencing cryptocurrency valuations and investor sentiment. Source: https://en.coinotag.com/breakingnews/bitcoin-surges-over-1-5-amidst-december-ppi-spike-to-3-3-in-the-us/

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Filed under: News - @ January 14, 2025 4:20 pm