🚨 PPI JUST CAME IN SOFTER THAN FEARED — AND BTC IS BOUNCING OFF THE LOWS
US October PPI rose just 0.3% — below the 0.4% forecast — and Bitcoin jumped straight off its $67,568 low toward ~$69,300. 👀
The annual rate still hit 6.5%, the highest since November 2022, so the Fed hike threat isn't gone — but for the first time this week, an inflation print did NOT make things worse.
Is this the bounce bulls have been waiting for — or just a dead-cat bounce before $65,000? 👇
#Bitcoin #BTC #Crypto
US October PPI rose just 0.3% — below the 0.4% forecast — and Bitcoin jumped straight off its $67,568 low toward ~$69,300. 👀
The annual rate still hit 6.5%, the highest since November 2022, so the Fed hike threat isn't gone — but for the first time this week, an inflation print did NOT make things worse.
Is this the bounce bulls have been waiting for — or just a dead-cat bounce before $65,000? 👇
#Bitcoin #BTC #Crypto