#usppimissmayeasebtcpressure
Bitcoin just got a little breathing room! Today’s U.S. Producer Price Index (PPI) report came in lower than Wall Street expected, offering welcome relief to the cryptocurrency market. After inflation figures surged and sent Bitcoin tumbling earlier this week, this more moderate report helped BTC rebound above $70,000. Slowing business costs are weakening the U.S. dollar and easing fears of an aggressive interest rate hike. Although pressure remains high overall, this downside surprise in the PPI offers Bitcoin buyers a little welcome respite.
$BTC
$AKE
$SHELL
Bitcoin just got a little breathing room! Today’s U.S. Producer Price Index (PPI) report came in lower than Wall Street expected, offering welcome relief to the cryptocurrency market. After inflation figures surged and sent Bitcoin tumbling earlier this week, this more moderate report helped BTC rebound above $70,000. Slowing business costs are weakening the U.S. dollar and easing fears of an aggressive interest rate hike. Although pressure remains high overall, this downside surprise in the PPI offers Bitcoin buyers a little welcome respite.
$BTC
$AKE
$SHELL
