Rising US PPI Inflation Triggers Caution Among Bitcoin Traders, Impacts BTC Price Recovery

The recent rise in US Producer Price Index (PPI) inflation has made Bitcoin traders more cautious regarding BTC price recovery. This uptick in inflation data has left market participants uncertain about the likelihood of imminent Federal Reserve rate cuts. Bitcoin’s price has been under selling pressure as traders react to the hotter-than-expected inflation data. US

Source: CoinOtag