Although inflation data announced yesterday came above expectations, spot Bitcoin The expectation of ETFs opening for trading did not negatively affect the BTC price.
BTC, which rose above $48,000 after spot ETFs opened for trading, then fell to $45,000. BTC While it is currently at $ 45,900, important economic data is being followed in the crypto market this week.
At this point today US Producer Price Index (PPI) The relevant data was announced.
The data disclosed is as follows:
Core Producer Price Index (Monthly): Announced 0.0% – Expected 0.2% – Previous 0.0%
Core Producer Price Index (Annual): Announced 1.8% – Expected 1.9% – Previous 2.0%
Producer Price Index (Monthly): Announced -0.1% – Expected 0.1% – Previous 0.0%
Producer Price Index (Annual): Announced 1.0% – Expected 1.3% – Previous 0.9%
First Reaction of Bitcoin and DXY!
After incoming PPI data Bitcoin (BTC) And Dollar (DXY) His first reaction was as follows:
*This is not investment advice.
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