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12/12/2024 1:36:33 PM

Higher PPI Indicates Persistent Inflation, Implications for Bitcoin

Higher PPI Indicates Persistent Inflation, Implications for Bitcoin

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

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast