Confusion Over US Bitcoin Reserve Spurs Market Volatility

Confusion Over US Bitcoin Reserve Spurs Market Volatility

The Market’s Post-Peak Pullback The cryptocurrency market recently experienced a period of intense volatility, with Bitcoin (BTC) hitting a new all-time high of over $124,000 before a sharp, short-lived drop below $118,000. This pullback was triggered by a combination of factors, including higher-than-expected wholesale inflation figures that dampened hopes for a cut in U.S. interest…

Bitcoin Volatility Strikes as Hot PPI Data Spurs Dollar Rally

Bitcoin Volatility Strikes as Hot PPI Data Spurs Dollar Rally

The PPI Report: A Surprise for the Markets The cryptocurrency market, and Bitcoin in particular, recently experienced a period of sharp volatility in response to new U.S. economic data. The Producer Price Index (PPI), a key inflation indicator that measures wholesale goods prices, surged by an unexpected 0.9% for the month. This was a significant…