The leading cryptocurrency Bitcoin (BTC), which has been running from record to record in recent days, exceeded $ 90,000 and reached a new ATH in the evening hours after the CPI data from the US yesterday.
While there was a pullback after the ATH, data on the US Producer Price Index (PPI) was also announced today.
The data disclosed is as follows:
Core Producer Price Index (Monthly): Announced 0.3%– Expected 0.3% – Previous 0.2%
Core Producer Price Index (YoY): Announced 3.1%– Expected 3.0% – Previous 2.8%
Producer Price Index (Monthly): Announced 0.2%– Expected 0.2% – Previous 0.0%
Producer Price Index (Annual): Announced 2.4%– Expected 2.3%– Previous 1.8%
In addition to the PPI data, applications for unemployment benefits were also announced.
Unemployment Claims: Announced 217k – Expected 224k – Previous 221k
Bitcoin’s first reaction after the incoming PPI data was as follows:
*This is not investment advice.
Continue Reading: BREAKING! US PPI Data Announced! Here’s Bitcoin’s (BTC) First Reaction!
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Author: NixCoin