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

The leading cryptocurrency Bitcoin ($BTC) briefly fell to $58,900 yesterday following the CPI data from the US, but then recovered and rose above $60,000 again.

While $BTC has been exhibiting quite volatile movements in recent days, data on the US Producer Price Index (PPI) was also announced today.

The data disclosed is as follows:

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

Core Producer Price Index (YoY): Announced 2.8% – Expected 2.7% – Previous 2.4%

Producer Price Index (Monthly): Announced 0.0%– Expected 0.1% – Previous 0.2%

Producer Price Index (Annual): Announced 1.8%– Expected 1.6%– Previous 1.7%

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

*This is not investment advice.