The power of macro data is so amazing that the BTC price fell by 550 points in one minute after the PPI was released at 20:30 in the evening.
Especially the US PPI monthly rate forecast value for April was 0.3%, and the announced value was 0.5%, which was much higher than expected. PPI and CPI can be classified as the same type of index, PPI stands for producer index, and CPI stands for consumer index. They are the most direct data on inflation. But fortunately, the US dollar index and US bond yields only pulled a small needle when the PPI was released at 20:30, and then fell to a lower level. Tomorrow night's CPI is the highlight, please sit tight and hold on.
