The post BREAKING! US PPI Data Announced! What Was Bitcoin’s (BTC) First Reaction? appeared on BitcoinEthereumNews.com.

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. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/breaking-us-ppi-data-announced-what-was-bitcoins-btc-first-reaction-2/

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Filed under: News - @ December 12, 2024 5:24 pm