PPI Data Boosts Rate Hike Bets but Could It Be Bullish for Bitcoin?
Bitcoin falls below $77,000 as hotter PPI inflation and surging Treasury yields trigger $190M in long liquidations.
When inflation numbers come in hot, people think interest rates might go up, which makes Bitcoin less attractive right now. Watch how Bitcoin moves when the Fed talks about rates, since higher rates can send money away from crypto.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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