CryptoCyclone

#July PPI Beats Expectations#
#July PPI Beats Expectations: Crypto Market Reacts
U.S. Producer Price Index (PPI) surged 0.9% month-over-month in July—well above the expected 0.2%. Year-over-year, PPI climbed 3.3%, marking its sharpest 12-month gain since early 2023 . Core PPI, excluding food and energy, also jumped 0.9% MoM, pushing the annual rate to 3.7%, exceeding expectations of 2.9% .
Key Impacts:
Federal Reserve rate cut hopes dimmed, as hotter inflation may delay easing .
Bitcoin dropped sharply, testing levels around $117K after the inflation surprise rattled markets .
Crypto liquidati
#July PPI Beats Expectations: Crypto Market Reacts
U.S. Producer Price Index (PPI) surged 0.9% month-over-month in July—well above the expected 0.2%. Year-over-year, PPI climbed 3.3%, marking its sharpest 12-month gain since early 2023 . Core PPI, excluding food and energy, also jumped 0.9% MoM, pushing the annual rate to 3.7%, exceeding expectations of 2.9% .
Key Impacts:
Federal Reserve rate cut hopes dimmed, as hotter inflation may delay easing .
Bitcoin dropped sharply, testing levels around $117K after the inflation surprise rattled markets .
Crypto liquidati