CandleFocus BREAKING! US PPI Data Announced! Here is the First Reaction of Bitcoin (BTC) and Dollar (DXY)!
2024-09-12
Author: Content Editor
Bitcoin experienced a brief dip to $55,000 following the release of US Consumer Price Index (CPI) data but quickly recovered and reached over $58,000. The US Producer Price Index (PPI) data was also announced, with numbers slightly lower than expected. Additionally, US Jobless Claims were slightly higher than expected. These developments demonstrate Bitcoin's volatility and indicate potential market reactions to economic data.
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