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BREAKING! US PPI Data Announced! Here is the First Reaction of Bitcoin (BTC) and Dollar (DXY)!
The post BREAKING! US PPI Data Announced! Here is the First Reaction of Bitcoin (BTC) and Dollar (DXY)! appeared on BitcoinEthereumNews.com. Although the leading cryptocurrency Bitcoin briefly fell to $55,000 yesterday following the CPI data from the US, it later recovered and rose above $58,000. While BTC has been exhibiting quite volatile movements in recent days, data on the US Producer Price Index (PPI) was also announced today. The data disclosed is as follows: Core Producer Price Index (Monthly): Announced 0.3% – Expected 0.2% – Previous 0.0% Core Producer Price Index (YoY): Announced 2.4%– Expected 2.5% – Previous 2.4% Producer Price Index (Monthly): Announced 0.2%– Expected 0.1% – Previous 0.1% Producer Price Index (Annual): Announced 1.7%– Expected 1.8%– Previous 2.2% In addition to the PPI data, US Unemployment Claims were also announced. US Jobless Claims: Announced –230k Expected 227k – Previous 227k Following the incoming PPI data, the first reaction of Bitcoin and Dollar (DXY) was as follows: *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/breaking-us-ppi-data-announced-here-is-the-first-reaction-of-bitcoin-btc-and-dollar-dxy/
The post BREAKING! US PPI Data Announced! Here is the First Reaction of Bitcoin (BTC) and Dollar (DXY)! appeared on BitcoinEthereumNews.com.
Although the leading cryptocurrency Bitcoin briefly fell to $55,000 yesterday following the CPI data from the US, it later recovered and rose above $58,000. While BTC has been exhibiting quite volatile movements in recent days, data on the US Producer Price Index (PPI) was also announced today. The data disclosed is as follows: Core Producer Price Index (Monthly): Announced 0.3% – Expected 0.2% – Previous 0.0% Core Producer Price Index (YoY): Announced 2.4%– Expected 2.5% – Previous 2.4% Producer Price Index (Monthly): Announced 0.2%– Expected 0.1% – Previous 0.1% Producer Price Index (Annual): Announced 1.7%– Expected 1.8%– Previous 2.2% In addition to the PPI data, US Unemployment Claims were also announced. US Jobless Claims: Announced –230k Expected 227k – Previous 227k Following the incoming PPI data, the first reaction of Bitcoin and Dollar (DXY) was as follows: *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/breaking-us-ppi-data-announced-here-is-the-first-reaction-of-bitcoin-btc-and-dollar-dxy/
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