The main cryptocurrency Bitcoin (BTC), which has been working from report to report in latest days, exceeded $ 90,000 and reached a brand new ATH within the night hours after the CPI information from the US yesterday.
While there was a pullback after the ATH, information on the US Producer Price Index (PPI) was additionally introduced in the present day.
The information disclosed is as follows:
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 information, functions for unemployment advantages had been additionally introduced.
Unemployment Claims: Announced 217k – Expected 224k – Previous 221k
Bitcoin’s first response after the incoming PPI information was as follows:
*This is just not funding recommendation.
