via The Block · By The Block Editorial
BTC/USDT
$28,806,773,433.11
$63,239.06 / $59,102.70
Change: $4,136.36 (7.00%)
-0.0012%
Shorts pay
Bitcoin briefly slipped below $80,000 on Wednesday as April core producer prices surged 1% month-over-month in the steepest reading since March 2022, dealing a second consecutive blow to Federal Reserve rate-cut expectations.
Core PPI blew past the 0.3% consensus forecast and an upwardly revised 0.2% reading in March, according to the U.S. Bureau of Labor Statistics' report. Year-over-year, core…
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