The price of Bitcoin suddenly plummeted, with a decline of nearly $3000 in a short time. The root of this unusual trend seems to lie in the latest Producer Price Index (PPI) data released. The current PPI value far exceeds historical averages, indicating that businesses may be responding to potential tariff increases by raising prices of goods, thereby passing on the additional costs to consumers. This move will undoubtedly complicate the Fed's ability to lower interest rates, as elevated price levels may necessitate a more cautious monetary policy to control inflation. The market reacted strongly to this news, leading to turbulence in the Crypto Assets market. Investors are closely following the development of this situation and its potential far-reaching impacts on the overall economy and the digital asset market.

BTC-0.6%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
SmartContractPlumbervip
· 7h ago
Typical whale market manipulation This security vulnerability is easy to understand
View OriginalReply0
SerumSurfervip
· 08-14 14:53
Bottomless!
View OriginalReply0
OnChainDetectivevip
· 08-14 14:46
At 4:37 AM, there was a net capital outflow with a depth of 3782.145, hmm... interesting.
View OriginalReply0
AirdropChaservip
· 08-14 14:43
The opportunity to Cut Loss has come!
View OriginalReply0
0xLostKeyvip
· 08-14 14:41
Falling is healthier.
View OriginalReply0
RektDetectivevip
· 08-14 14:40
The suckers have to continue with Margin Replenishment again.
View OriginalReply0
CrashHotlinevip
· 08-14 14:25
Crashed again, just hard crashed.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)