Breaking: US PPI Comes In Red Hot At 2.6%, Bitcoin Traders Turns More Cautious

1 min read

10 months ago bitnews

The Producer Price Index (PPI) inflation in the United States rises to 2.6%, according to the latest release by The U.S. Bureau of Labor Statistics on Friday. Traders waiting for further cues became cautious about Fed rate cuts as inflation data was hotter. Bitcoin traders also responded immediately and BTC price started showing some selloff. The post Breaking: US PPI Comes In Red Hot At 2.6%, Bitcoin Traders Turns More Cautious appeared first on CoinGape .