The U.S. Bureau of Labor Statistics (BLS) reported Friday that the Producer Price Index (PPI) for final demand rose 0.3% month over month in October, below the revised 1.4% increase in September. It rose 6.5% year over year on an unadjusted basis, the largest increase since November 2022. Goods prices rose 0.5% month over month, while services prices rose 0.2%. Excluding food, energy, and trade services, prices for final demand rose 0.5% month over month and 4.9% year over year. On the day the data was released, CoinDesk reported that Bitcoin briefly fell to around $67,770, its lowest level since August 19. At the same time, the U.S. Dollar Index climbed above 103 as markets assessed the Federal Reserve's rate path for December, while liquidations of leveraged positions added to volatility. The report also mentioned outflows from spot Bitcoin ETFs and changes in Nvidia's management. Market movements cannot be attributed simply to a single data point. Chart: Binance spot BTC/USDT, the 48 most recently closed one-hour candles, through November 14 at 14:59 Beijing time. $BTC #比特币 #宏观经济 #市场数据 #Crypto Market