BREAKING! US PPI Data Announced! What Was The Initial Reaction Of Bitcoin And The Dollar?

After the CPI data that was announced yesterday and came under expectations, data on the Producer Price index were announced today.

The data disclosed is as follows:

• Producer Price Index (PPI) (YoY): 0.8% | Expectation: 0.7% | Previous 0.1%
• Producer Price Index (PPI) (MoM): 0.3% | Expectation: 0.2% | Previous 0.1%
• Core Producer Price Index (PPI) (YoY): 2.4% | Expectation: 2.3% | Previous 2.4%
• Core Producer Price Index (PPI) (MoM): 0.3% | Expectation: 0.2% | Previous 0.1%

First Reaction of Bitcoin and DXY!

After the incoming PPI data, the first reaction of Bitcoin and Dollar was as follows:

The inflation data announced yesterday came below expectations, but did not provide a significant increase in the price of BTC.

*Not investment advice.