Bitcoin drops 3% as inflation hots up again, and a quiet services spike just changed the rate cut story
Bitcoin drops 3% as PPI beats forecasts, and a tiny detail could skew the next macro trade Bitcoin traded lower after January producer inflation came in above consensus. That sets up a longer stretch in which rate expectations may steer crypto pricing ahead of the next producer price index (PPI) print on March 18.
BTC
ALPHA
Disclaimer: This content is provided via CryptoPanic and third-party sources. Tothemoon does not create, verify, or endorse this content and makes no guarantees as to its accuracy. The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. It is provided for informational purposes only and is not investment advice.
