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📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
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.