Leading cryptocurrency Bitcoin positive news from the USA yesterday CPI It rose above $69,000 after the data. However, the FED interest rate decision announced in the evening and Fed chairman Jerome PowellAfter ‘s statements, it fell back to 67,000 dollars.
BTC exhibited very volatile movements within a day, and today US Producer Price Index (PPI) Related data was also announced.
The data disclosed is as follows:
Core Producer Price Index (Monthly): Announced 0.0% – Expected 0.3% – Previous 0.5%
Core Producer Price Index (Annual): Announced 2.3% – Expected 2.4% – Previous 2.4%
Producer Price Index (Monthly): Announced -0.2% – Expected 0.1% – Previous 0.5%
Producer Price Index (Annual): Announced 2.2%– Expected 2.5%– Previous 2.2%
Apart from PPI data, Unemployment Benefit Applications were also announced.
Applications for Unemployment Rights: Announced 242k – Expected 225k – Previous 229k
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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