🔽 PPI data came in above forecast; bitcoin fell below $77,000
PPI (Producer Price Index) — the producer price index. It shows how much prices have risen for the goods and services companies sell in bulk.
At the moment, BTC is trading just above $77,000, while ETH is just above $2,400. In the last hour, nearly $200 million worth of longs were liquidated.
US macro data (PPI) for August:
Indicator | Actual | Forecast | Prior
PPI, y/y | 5.4% | 5.3% | 4.8%
PPI, m/m | 0.4% | 0.4% | 0.1%
Core PPI, m/m | 0.2% | 0.3% | 0.3%
Core PPI, y/y | 4.6% | 4.6% | 4.3%
Initial jobless claims | 206K | 205K | 207K
PPI (Producer Price Index) — the producer price index. It shows how much prices have risen for the goods and services companies sell in bulk.
At the moment, BTC is trading just above $77,000, while ETH is just above $2,400. In the last hour, nearly $200 million worth of longs were liquidated.
US macro data (PPI) for August:
Indicator | Actual | Forecast | Prior
PPI, y/y | 5.4% | 5.3% | 4.8%
PPI, m/m | 0.4% | 0.4% | 0.1%
Core PPI, m/m | 0.2% | 0.3% | 0.3%
Core PPI, y/y | 4.6% | 4.6% | 4.3%
Initial jobless claims | 206K | 205K | 207K
