The PPI inflation came in at 2.7%, higher than estimates of 2.6%.
The Core PPI came in at 2.6%, below expectations.
Bitcoin dropped from around $87,800 and risk falling below $87,000.
The U.S. PPI inflation data for September has come in higher than expectations, providing a bearish outlook for Bitcoin. The flagship crypto quickly dropped after the PPI report, which could cast doubt on another rate cut at the December FOMC meeting.
Bureau of Labor Statistics data shows that the September PPi inflation rose to 2.7% year-over-year (YoY), which is above expectations of 2.6%. However, the Core
The Core PPI came in at 2.6%, below expectations.
Bitcoin dropped from around $87,800 and risk falling below $87,000.
The U.S. PPI inflation data for September has come in higher than expectations, providing a bearish outlook for Bitcoin. The flagship crypto quickly dropped after the PPI report, which could cast doubt on another rate cut at the December FOMC meeting.
Bureau of Labor Statistics data shows that the September PPi inflation rose to 2.7% year-over-year (YoY), which is above expectations of 2.6%. However, the Core
26 days ago
