US PPI Miss May Ease BTC Pressure
October PPI rose 0.3% — below the 0.4% forecast and far below September's 1.4%. The softer print gave risk assets a breather after a brutal week.
BTC spiked to $70,188 right after the release, but the bounce is already fading — back near $68,720. The relief is real but thin: annual PPI still hit 6.5%, the highest since November 2022, and a December hike is fully priced in.
Holding above $67,445 keeps the recovery alive. Reclaiming $70,188 would confirm the turn.
Is the PPI miss enough to turn BTC around?
Not financial advice. DYOR.
$BTC #altcoins #cryptotrading
October PPI rose 0.3% — below the 0.4% forecast and far below September's 1.4%. The softer print gave risk assets a breather after a brutal week.
BTC spiked to $70,188 right after the release, but the bounce is already fading — back near $68,720. The relief is real but thin: annual PPI still hit 6.5%, the highest since November 2022, and a December hike is fully priced in.
Holding above $67,445 keeps the recovery alive. Reclaiming $70,188 would confirm the turn.
Is the PPI miss enough to turn BTC around?
Not financial advice. DYOR.
$BTC #altcoins #cryptotrading