Hot PPI Print at 3% Triggers Bitcoin Drop as Inflation Fears Return
U.S. PPI hit 3% in December, above forecasts, sending Bitcoin below $83,000 as traders reassess rate cuts. outlook dims now. Bitcoin prices declined after U.S. producer inflation data exceeded market expectations. The higher reading reinforced concerns that inflation remains persistent, while traders reassessed the outlook for interest rate cuts. Digital asset markets reacted quickly as […]
