#usppimissmayeasebtcpressure
The latest US producer price index came in below forecasts. Monthly inflation rose by 0.3% instead of the expected 0.4%. This softer economic data brought welcome relief to cryptocurrency markets. Following the announcement, Bitcoin climbed back toward the $70,000 mark, helping ease recent heavy selling pressure and alleviate short-term fears of an aggressive interest rate hike by the Federal Reserve.
$AKE
$SHELL
$SOPH
The latest US producer price index came in below forecasts. Monthly inflation rose by 0.3% instead of the expected 0.4%. This softer economic data brought welcome relief to cryptocurrency markets. Following the announcement, Bitcoin climbed back toward the $70,000 mark, helping ease recent heavy selling pressure and alleviate short-term fears of an aggressive interest rate hike by the Federal Reserve.
$AKE
$SHELL
$SOPH
