PPI Data Boosts Rate Hike Bets but Could It Be Bullish for Bitcoin?
Market / Price
Bitcoin (CRYPTO: BTC) plunged to $77,000 Thursday after August PPI inflation came in hotter than expected, liquidating over $190 million in long positions in 60 minutes. What the PPI Data Showed The Kobeissi Letter flagged on X that August PPI inflation rose to 5.4% year-over-year, above the 5.3% estimate, while core PPI climbed to 4.6% year-over-year, the highest reading since June 2026.
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