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BREAKING! US PPI Data Announced! What Was the First Reaction of Bitcoin and the Dollar?

source-logo  en.bitcoinsistemi.com 14 May 2024 12:32, UTC

Bitcoin, which started the week with an increase before the US PPI and CPI data and dropped above $ 63,000, fell back to $ 61,000 levels.

While these volatile movements in BTC continue, important economic data is being followed in the crypto market this week.

At this point, data on the US Producer Price Index (PPI) was also announced today.

The data disclosed is as follows:

Core Producer Price Index (Monthly): Announced 0.5% – Expected 0.2% – Previous 0.2%

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

Producer Price Index (Monthly): Announced 0.5% – Expected 0.3% – Previous 0.2%

Producer Price Index (Annual): Announced 2.2% – Expected 2.2% – Previous 2.1%

The first reaction of Bitcoin (BTC) and Dollar (DXY) after the incoming PPI data was as follows:

*This is not investment advice.