US PPI Gives Bitcoin Bulls a New Headache Into the Monthly Close
The post US PPI Gives Bitcoin Bulls a New Headache Into the Monthly Close appeared on BitcoinEthereumNews.com.
Hotter US PPI inflation data boosted precious metals but punished Bitcoin bulls, with BTC price downside nearing 3% on the day. Bitcoin (BTC) slid further into Friday’s Wall Street open as US inflation data overshot expectations. Key points: Bitcoin price downside strengthens as US inflation data comes in hot. Gold and silver benefit from a risk-off response to January PPI data. Bitcoin price expectations face the prospect of a rocky monthly candle close. Bitcoin under pressure after hot US PPI print Data from TradingView showed daily BTC price downside nearing 2.5% on Bitstamp, while gold eyed its highest levels since late January. BTC/USD one-hour chart. Source: Cointelegraph/TradingView The January print of the Producer Price Index (PPI) came in markedly above expectations at 0.5% month-on-month versus an anticipated 0.3%, per data from the US Bureau of Labor Statistics (BLS). Core PPI fared even worse at 0.8% month-on-month instead of 0.3%. US PPI one-month % change. Source: BLS “The January increase in prices for final demand can be traced to a 0.8-percent advance in the index for final demand services. In contrast, prices for final demand goods declined 0.3 percent,” an official statement added. With US inflation creeping higher more quickly than markets assumed, risk-asset pressure increased, while safe havens outperformed. Gold passed $5,200 per ounce, while silver revisited $92 to hit its highest levels since Jan. 30. XAU/USD one-day chart. Source: Cointelegraph/TradingView Expectations for interest-rate cuts by the Federal Reserve at its March meeting fell below 4%, according to the latest readings from CME Group’s FedWatch Tool. Fed target rate probabilities for March FOMC meeting (screenshot). Source: CME Group BTC price fears over “massive collapse” With the monthly close in focus, Bitcoin market participants remained on edge. Related: Hodlers have ‘given up’ at $65K: Five things to know in Bitcoin this…
Filed under: News - @ February 28, 2026 4:24 am