🚨 Hot PPI Data Hits the Market:
$BTC Under Pressure! 📉
The latest US January Producer Price Index (PPI) just came in significantly hotter than expected, sending immediate shockwaves through the market!
🔹 The Data: Core PPI spiked +0.5% MoM (crushing the +0.3% estimate). As a result, market odds for a March Fed rate cut have completely collapsed below 4%.
🔹 BTC Impact: BTC is taking a direct hit, hovering around $66,178 after a sudden intraday pullback. Analysts are now warning that a retest of the $59,000 support level could be on the table.
🔹 Safe Havens Fly: While risk assets bleed, tr