Bitcoin slips under $80K after US PPI gains most in four years

Bitcoin slips under $80K after US PPI gains most in four years

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin (BTC) dipped below $80,000 on Thursday as US Producer Price Index (PPI) data significantly beat expectations.

Key points: Data from TradingView showed BTC/USD slipping to its lowest levels since Sept.

18, declining as much as 1.8% on the day, before rebounding to around $81,000.

September PPI came in at 6.3%, a full 100 basis points above its anticipated level, while core PPI rose to 5% versus an expected 4.4%, per data from the Bureau of Labor Statistics (BLS).

“The September increase is the largest advance since rising 1.7% in March 2022.

On an unadjusted basis, the index for final demand climbed 6.3% for the 12 months ended in September, the largest 12-month increase since moving up 6.4% in December 2022,” an official news release confirmed.

The numbers come a day after the Consumer Price Index (CPI) also overshot estimates, causing crypto and risk assets to fall.

Risk assets were already under pressure from a tech sell-off centered in South Korea, where the KOSPI Composite Index fell 7.5% on Thursday.

Economist Mohamed El-Erian described PPI as “even more striking” than the CPI result.

El-Erian and others noted that US bond yields were not rising on the back of higher inflation numbers.

Analiz: Piyasa hareketliliği devam ediyor.