🚨 US Data Release: Slightly Bullish for Crypto!
Economic Data: • Core PPI (m/m): 0.2% (vs 0.3% exp) — Cooling inflation! • PPI (m/m): 0.4% (vs 0.4% exp) — In-line. • Jobless Claims: 206K (vs 205K exp) — Stable.
Crypto Impact: Lower Core PPI signals inflation easing, increasing Fed rate cut odds. Expect short-term bullish momentum / minor bounce for $BTC and altcoins due to potential DXY weakness. Manage leverage carefully! 📈
#PPI #BTC
Economic Data: • Core PPI (m/m): 0.2% (vs 0.3% exp) — Cooling inflation! • PPI (m/m): 0.4% (vs 0.4% exp) — In-line. • Jobless Claims: 206K (vs 205K exp) — Stable.
Crypto Impact: Lower Core PPI signals inflation easing, increasing Fed rate cut odds. Expect short-term bullish momentum / minor bounce for $BTC and altcoins due to potential DXY weakness. Manage leverage carefully! 📈
#PPI #BTC
