BREAKING NEWS đ„ Producer Inflation Announced in the USA! Is It Good or Bad for Bitcoin?
The United States (US), shown as the world's largest economy, deeply affects traditional financial markets and the cryptocurrency sector.
As of today, all eyes in the money markets are again on the data to come from the USA.
Producer inflation data in the USA, which is closely followed by the FED, was announced in the past minutes. Here are the latest US PPI data:
US Annual Producer Price Index (PPI):
Previous: 2.7%
Expected: 2.3%
Revealed: 2.2%
US Monthly Producer Price Index (PPI):
Previous: 0.2%
Expected: 0.2%
Revealed: 0.1%
US Annual Core Producer Price Index (PPI):
Previous: 3.0%
Expected: 2.7%
Revealed: 2.4%
US Monthly Core Producer Price Index (PPI):
Previous: 0.3%
Expected: 0.2%
Revealed: 0.0%
Producer inflation data in the US was announced below expectations. This data can be interpreted positively for Bitcoin (BTC) and altcoins.
The leading cryptocurrency Bitcoin (BTC) increased to $59,195 at the first moment the data was announced. In the following minutes, these increases could not continue their continuity.
