Bitcoin Volatility Strikes as Hot PPI Data Spurs Dollar Rally

Bitcoin experienced sharp volatility, dropping to $117,719 before recovering above $118,000, following a surprisingly hot U.S. inflation report. Bitcoin Tumbles Then Rebounds The U.S. Producer Price Index (PPI), a key inflation indicator measuring wholesale goods prices, surged 0.9% for the month, significantly exceeding the forecasted 0.2% increase. This marked a sharp acceleration from the prior […]