Date: 2025-04-11
Bitcoin (BTC) sought higher levels around the April 11 Wall Street open as the week’s final US inflation data gave bulls hope.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewAnalyst: PPI undershoot “great” for US trade warData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs of $83,245 as US Producer Price Index (PPI) data came in below expectations.The Index came in at 2.7% versus the anticipated 3.3%, while the core PPI print also surprised to the downside.An official news release from the US Bureau of Labor Statistics (BLS) added:“In March, over 70 percent of the decrease in the index for final demand can be traced to prices for final demand goods, which fell 0.9 percent. The index for final demand serv...
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