Bitcoin and altcoin continue to show sudden pump and dump movement amid tariff tensions between the US and China.
Investors are waiting for tensions between the two countries to close as quickly as possible and markets will stabilize, but data on the US producer price index (PPI) was released today.
The data disclosed is as follows:
Core Producer Price Index (Monthly): Announcement -0.1% – Expected 0.3% – Previous – 0.1%
Core Producer Price Index (YOY): Announcement 3.3% – Expected 3.6% – Previous 3.4%
Producer Price Index (Monthly): Announcement – 0.4% – Expected 0.2% – Previous 0.0%
Producer Price Index (Annual): Announcement 2.7% – Forecast 3.3% – Previous 3.2%
The initial reaction of Bitcoin after the incoming PPI data was:
*This is not investment advice.
