Bitcoin and altcoins continue to exhibit sudden pump and dump movements amid tariff tensions between the US and China.
While investors are waiting for the tension between the two countries to end as soon as possible and for the market to stabilize, data on the US Producer Price Index (PPI) was announced today.
The data disclosed is as follows:
Core Producer Price Index (Monthly): Announced -0.1% – Expected 0.3% – Previous -0.1%
Core Producer Price Index (YoY): Announced 3.3% – Expected 3.6% – Previous 3.4%
Producer Price Index (Monthly): Announced -0.4% – Expected 0.2% – Previous 0.0%
Producer Price Index (Annual): Announced 2.7% – Expected 3.3% – Previous 3.2%
Bitcoin’s first reaction after the incoming PPI data was as follows:
*This is not investment advice.
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