Leading cryptocurrency Bitcoin (BTC), which has been running from record to record in recent days, topped $90,000 and reached a new ATH in the evening hours following yesterday’s US Consumer Price Index data.
While there has been a pullback since the ATH, US Producer Price Index (PPI) data was also announced today.
The following data has been disclosed:
Core Producer Price Index (monthly): announced 0.3% – expected 0.3% – previous 0.2%
Core Producer Price Index (YoY): Announced 3.1% – Expected 3.0% – Previous 2.8%
Producer Price Index (monthly): announced 0.2% – expected 0.2% – previous 0.0%
Producer price index (annual): announced 2.4% – expected 2.3% – previous 1.8%
In addition to the PPI data, unemployment claims were also announced.
Applications for unemployment benefits: announced 217 thousand – Expected 224 thousand – Previous 221 thousand.
Bitcoin’s first reaction after the PPI data arrived was as follows:
*This is not investment advice.
