HOT DEVELOPMENT: Producer Inflation in the USA Announced! Good or Bad for Bitcoin?

PPI data in the USA came above expectations.

Consumer inflation data, especially in the USA, was announced yesterday. Although the CPI data coming in below expectations had a positive impact on the traditional financial markets and the cryptocurrency market at first, it was observed that these assets started to decline as the process progressed.

Recently, producer inflation data in the USA was announced. Here is the latest US PPI data:

US Annual Producer Price Index (PPI):

Previous: 2.4%

Expectation: 2.3%

Announced: 2.6%

US Monthly Producer Price Index (PPI):

Previous: -0.2%

Expectation: 0.1%

Announced: 0.2%

US Annual Core Producer Price Index (PPI):

Previous: 2.6%

Expectation: 2.5%

Explained: 3.0%

US Monthly Core Producer Price Index (PPI):

Previous: 0.3%

Expectation: 0.2%

Announced: 0.4%

Producer inflation data in the USA came above expectations, contrary to yesterday's CPI data. These data can be interpreted negatively for cryptocurrencies.

Although the leading cryptocurrency Bitcoin (BTC) has experienced an average withdrawal of $ 400 following the latest data, the latest PPI data has not affected BTC much.#kriptohaber24