Breaking: Bitcoin Price Soars Despite US PPI Dampens Crypto Market Sentiment

Quick Summary:

This gloomy data, after the recent hotter-than-anticipated US CPI inflation figures, has further added pressure on the crypto market traders.

The much-awaited US PPI data today showed that the inflation has advanced 3.5% in January, up from the prior month’s figure of 3.3%.

The market was expecting the Core PPI to come in at 3.3% and 0.2%, respectively.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: Bitcoin (BTC) Price 24/7 Cryptocurrency News US PPI US Inflation Crypto Market Bitcoin News Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-13 @ 13:41:05 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 233 words

Reading Time: 2 minutes read

Sentences: 40 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 26119153

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 25 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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