According to The Kobeissi Letter, April 2025 US PPI inflation dropped to 2.4%, beating expectations of 2.5%, while core PPI fell to 3.1%, matching forecasts. However, March PPI data was revised higher, with headline PPI moving from 3.3% to 4.0% and core PPI up to 3.4% (source: @KobeissiLetter, 2025-05-15). For cryptocurrency traders, these mixed inflation signals create uncertainty over the Federal Reserve's rate path, likely leading to short-term volatility in Bitcoin and Ethereum prices as investors reassess risk exposure and potential liquidity trends in the broader market.