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$562M Liquidation Surge Hits Crypto Market After PPI Inflation Jump

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Bitcoin slid below $77,000 to a daily low of $76,651 following a hotter-than-expected 0.4% monthly rise in the U.S. Producer Price Index. PPI Surprise Sparks Sell-Off Bitcoin’s price slid below $77,000 Thursday after the U.S. Bureau of Labor Statistics released data showing a 0.4% monthly increase in the U.S. Producer Price Index. Though largely expected, […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Unexpected PPI rise triggered BTC sell-off, but broader market impact is limited.

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$562M Liquidation Surge Hits Crypto Market After PPI Inflation Jump — Crypto Insight