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The leading cryptocurrency Bitcoin (BTC) started the week in which critical data will be announced with sharp declines. At this point, Bitcoin, which fell below $ 90,000 yesterday, rose to $ 94,000 again, while data on the US Producer Price Index (PPI) were announced today.
The data disclosed is as follows:
Core Producer Price Index (Monthly): Announced 0.0% – Expected 0.3% – Previous 0.2%
Core Producer Price Index (YoY): Announced 3.5%– Expected 3.8%– Previous 3.4%
Producer Price Index (Monthly): Announced 0.2%– Expected 0.4%– Previous 0.4%
Producer Price Index (Annual): Announced 3.3%– Expected 3.5%– Previous 3.0%
Bitcoin’s first reaction after the incoming PPI data was as follows:
*This is not investment advice.