The bitcoin market faces new inflation challenges following the release of fresh US Producer Price Index (PPI) data.
Bitcoin Sell Pressure Amid PPI Data
According to Cointelegraph Markets Pro and TradingView, traders are contending for control today after updated PPI figures exceeded expectations—0.4% against 0.3% month-on-month, and 3.5% against 3.2% year-on-year.
Quote from Trader Skew
Trader Skew reported a struggle between buyers and sellers on Binance. In his view, 'the market is net positioned for lower, so for it to move up, we want to see supportive flows.'
Market Reaction and Policy Role
Analysts at QCP Capital noted that further market momentum depends on President Trump's stance on inflation markers and rate increases. The Federal Reserve and its Chairman Jerome Powell maintain a hawkish stance, while Trump demands rate cuts.
Bitcoin's future in the current market depends on macroeconomic policy and how American leaders will react to inflation data.
