US producer inflation came in at 6.5% YoY in October slightly below the 6.6% forecast, but higher than September’s 6.3%.

The bigger concern is that inflation is still moving upward. After hotter-than-expected CPI data, this latest report keeps pressure on the Federal Reserve ahead of its December 8–9 meeting

Higher inflation could keep the Fed cautious, putting pressure on risk assets like Bitcoin and altcoins.

December could be a major turning point for the market. Watch the inflation trend and Fed signals closely.
#USPPIMissMayEaseBTCPressure
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