Although the inflation data announced during the week came above expectations, Bitcoin Although its price fell for a short time, it recovered quickly.
After the CPI data, it fell to 48,000 dollars. BTCreached the limit of 53,000 dollars.
While BTC is currently at $51,912, important economic data is being followed in the crypto market this week.
At this point today US Producer Price Index (PPI) Related data was also announced.
The data disclosed is as follows:
Core Producer Price Index (Monthly): Announced 0.5% – Expected 0.1% – Previous 0.0%
Core Producer Price Index (Annual): Announced 2.0% – Expected 1.6% – Previous 1.8%
Producer Price Index (Monthly): Announced 0.3% – Expected 0.1% – Previous -0.1%
Producer Price Index (Annual): Announced 0.9% – Expected 0.6% – Previous 1.0%
The first reaction of Bitcoin (BTC) and Dollar (DXY) after the incoming PPI data was as follows:
*This is not investment advice.
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