#USSeptemberPPIRisesTo6.3%
đșđž US PPI
đ Actual PPI: 6.3% annually.
đź Expected: 5.3%.
đ Previous: 5.6%.
✠Main reason: Rising fuel and energy prices.
đŠ Fed impact: The US Federal Reserve may keep rates higher for longer.$PYTH
âż Impact on crypto
đŽ Bitcoin: More downside pressure is possible.
đ ETH and altcoins: Could also face selling.$ETH
â ïž Market risk: Higher inflation can reduce expectations of interest-rate cuts.$AVA
Bitcoin briefly fell below $80,000 after the report, then recovered toward $81,000â$82,000 in reported trading.
Bottom line: The PPI report is bearish for crypto in the short term, but prices can still rebound.
#PPI #ETH #BTC
đșđž US PPI
đ Actual PPI: 6.3% annually.
đź Expected: 5.3%.
đ Previous: 5.6%.
✠Main reason: Rising fuel and energy prices.
đŠ Fed impact: The US Federal Reserve may keep rates higher for longer.$PYTH
âż Impact on crypto
đŽ Bitcoin: More downside pressure is possible.
đ ETH and altcoins: Could also face selling.$ETH
â ïž Market risk: Higher inflation can reduce expectations of interest-rate cuts.$AVA
Bitcoin briefly fell below $80,000 after the report, then recovered toward $81,000â$82,000 in reported trading.
Bottom line: The PPI report is bearish for crypto in the short term, but prices can still rebound.
#PPI #ETH #BTC