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PhucPlugito
PPI is heating up, yet $BTC is still recovering—why is that?
The US PPI rose by 1.3% and Core PPI increased by 0.7%, meaning inflationary pressures remain significant. However, the US10Y and DXY have declined, while BTC has rebounded toward the $82k level, with ETH and other altcoins also recovering.
A decline in yields could support crypto if it stems from expectations of a more dovish Fed; however, if it is driven by risk-off sentiment, it may not necessarily be a positive signal.
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Kripto Trending
BTC/USDTBitcoin
$80.496,8+0,00%
ETH/USDTEthereum
$2.425,08+0,00%
UNI/USDTUniswap
$7,59-0,01%
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