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Bitcoin Stays Below $70K as Stocks Decline Despite Lower US PPI Data
(3 hours ago) · 1 source · Summarized by CryptoBipto
Bitcoin remained below the $70,000 level as US stock markets declined, even though the latest Producer Price Index (PPI) data came in lower than expected. The cooler inflation reading did not provide a lift to either crypto or equity markets.
WHY IT MATTERS
The Producer Price Index (PPI) measures how much companies are paying for the raw materials and goods they use to make products.
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SOURCES
- cointelegraph.com
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