📉 Bitcoin (BTC) was stuck at $52,000 at the Wall Street open on February 16 as fresh US macroeconomic data exceeded expectations.
- The January Producer Price Index (PPI) exacerbated the inflation problem in the US
- The likelihood of the Federal Reserve cutting interest rates in March fell to 8.5%
- Bitcoin reached $52,884 on Bitstamp, its highest level since late November 2021, but faced selling pressure
- Analysts warn of a possible fall in BTC if inflows to ETFs slow