BREAKING! US PPI Data Announced! What Was Bitcoin's (BTC) First Reaction?

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Bitcoinsistemi2024/12/12 17:11

By:Elif Azra Güven

US PPI data released.

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The leading cryptocurrency Bitcoin (BTC), after the pullback it has experienced in recent days, rose above $ 100,000 again in the evening hours following the CPI data from the USA yesterday.

While BTC has managed to stay above $100,000, data on the US Producer Price Index (PPI) was also announced today.

Related News BREAKING! US Inflation Data Released! What Was Bitcoin's (BTC) First Reaction?

The data disclosed is as follows:

Core Producer Price Index (Monthly): Announced 0.2% – Expected 0.2% – Previous 0.3%

Core Producer Price Index (YoY): Announced 3.4%– Expected 3.2% – Previous 3.1%

Producer Price Index (Monthly): Announced 0.4%– Expected 0.2% – Previous 0.2%

Producer Price Index (Annual): Announced 3.0%– Expected 2.6%– Previous 2.4%

In addition to the PPI data, applications for unemployment benefits were also announced.

Unemployment Claims: Announced 242k – Expected 221k – Previous 224k

Bitcoin's first reaction after the incoming PPI data was as follows:

BREAKING! US PPI Data Announced! What Was Bitcoin's (BTC) First Reaction? image 0

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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