menu
techminis

A naukri.com initiative

google-web-stories
source image

TheCryptoBasic

1d

read

255

img
dot

Image Credit: TheCryptoBasic

Inflation Likely Coming in Hot with PPI and CPI This Week: How will Bitcoin and Crypto React?

  • Inflation is anticipated to rise as indicated by the Producer Price Index (PPI) and Consumer Price Index (CPI) data releases this week.
  • Bitcoin and crypto asset prices may face selling pressure due to the expected increase in inflation.
  • The data suggests a rise in PPI by 3.3% YoY in December 2024 and an increase in CPI to 2.9% YoY, moving away from the Fed's 2% target.
  • The likelihood of no rate hikes during the first half of the year could weigh on Bitcoin price gains, while potential upside drivers may come from Bitcoin-related legislation approval.

Read Full Article

like

15 Likes

For uninterrupted reading, download the app