BREAKING! US PPI Data Announced! Here's Bitcoin's (BTC) First Reaction!

Bitcoin (BTC), Ethereum (ETH) and altcoins have experienced some pullbacks after the recent rise.

While investors were wondering whether the rise would continue, data on the US Producer Price Index (PPI) was released today.

The data disclosed is as follows:

Core Producer Price Index (Monthly): Announced -0.4% – Expected 0.3% – Previous -0.1%

Core Producer Price Index (YoY): Announced 3.1% – Expected 3.1% – Previous 3.3%

Producer Price Index (Monthly): Announced -0.5% – Expected 0.2% – Previous -0.4%

Producer Price Index (Annual): Announced 2.4% – Expected 2.5% – Previous 2.7%

In addition to the PPI data, Unemployment Benefit Applications were also announced.

Announced 229k – Expected 229k – Previous 228k

Bitcoin's first reaction after the incoming PPI data was as follows:

*This is not investment advice.