Bitcoin (BTC) showed signs of upward momentum as it aimed for higher levels during the Wall Street open on April 11, supported by the week's final US inflation data. The BTC/USD 1-hour chart indicated a rise to $83,245 as the US Producer Price Index (PPI) data came in lower than expected, with the index at 2.7% compared to the anticipated 3.3%. The core PPI print also surprised to the downside, indicating a slowdown in inflation.

The US Bureau of Labor Statistics reported that in March, a significant portion of the decrease in the final demand index was due to a decline in prices for final demand goods, which fell by 0.9%. The data suggested a dec

Source: https://cointelegraph.com/news/bitcoin-holds-82-k-as-us-dollar-falls-to-3-year-low-and-ppi-inflation-drops-sharply?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound