BREAKING! US PPI Data Released! What Was Bitcoin’s (BTC) Initial Reaction?

Yesterday's release of US CPI data, which came in higher than expected, increased concerns about continued inflationary pressures and raised expectations for a Fed interest rate hike. Today's US PPI data is also expected to provide further signals to the markets regarding the trajectory of inflation and the Fed's monetary policy. At this point, if the PPI data comes in above expectations, it could reinforce the expectation that interest rates will remain high for longer, leading to a rise in the dollar and US bond yields, and increasing selling pressure on risky assets like Bitcoin.

Source: Bitcoin Sistemi