Higher PPI Indicates Persistent Inflation, Implications for Bitcoin
12/12/2024 1:36:33 PM
According to CryptoMichNL, the Producer Price Index (PPI) has come out significantly higher than expected at 3.0% compared to last month's 2.6%. This suggests that inflation is likely to remain persistent. Although the markets have not shown much immediate reaction, this development is expected to be important for Bitcoin in the coming months. (Source)
Bitcoin PPI inflation