Yesterday, affected by the positive US CPI data, the cryptocurrency leader Bitcoin once broke through the $69,000 mark, but after the Fed announced its interest rate decision in the evening and Fed Chairman Powell gave a speech, Bitcoin once fell back to the $67,000 mark.
While BTC fluctuated violently during the day, the US Producer Price Index (PPI) data was also released today.
The data are as follows:
Core Producer Price Index (monthly): 0.0% announced - expected 0.3% - previous value 0.5%
Core Producer Price Index (annual): 2.3% announced - expected 2.4% - previous value 2.4%
Producer Price Index (monthly): -0.2% announced - expected 0.1% - previous value 0.5%
Producer Price Index (annual): 2.2% announced - expected 2.5% - previous value 2.2%
In addition to the PPI data, the number of applicants for unemployment benefits was also announced.
Unemployment benefit claims: 242,000 announced - 225,000 expected - 229,000 previously
After the PPI data was released, the first reaction of Bitcoin (BTC) and the US dollar (DXY) is as shown below.
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