BEAMSTART Logo

US PPI Inflation Comes In At 2.4%; Will It Hinder Bitcoin Rally To $100K?

CoinGape LogoCoinGape11h ago

US PPI Inflation Comes In At 2.4%; Will It Hinder Bitcoin Rally To $100K? - CoinGape

Quick Summary:

This comes a day after the US CPI inflation figure showed a spike in the inflationary figure for the first time in eight months.

The latest US Producer Price Index (PPI) data showed that the inflation has come in at 2.4%, up from the September reading of 1.9%.

Besides, the market concerns are also fueled as this set of data is also crucial for the Fed’s decision on their monetary stimulus plan.


More Pictures

US PPI Inflation Comes In At 2.4%; Will It Hinder Bitcoin Rally To $100K? - CoinGape (Picture 1)

or

Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 13:40:20 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 279 words

Reading Time: 2 minutes read

Sentences: 37 lines

Sentence Length: 8 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23586126

View Article Analysis

About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "US PPI Inflation Comes In At 2.4%; Will It Hinder Bitcoin Rally To $100K?" has 279 words across 37 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "US PPI Inflation Comes In At 2.4%; Will It Hinder Bitcoin Rally To $100K?" was covered 11 hours ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 32 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #23586126
  • URL: https://beamstart.com/news/us-ppi-inflation-comes-in-17315924267477

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.