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via The Block · By The Block Editorial

Bitcoin pinned near critical support as hot PPI spike compounds rate hike fears: analysts

BTC

BTC/USDT

$64,511.99
+0.57%
24h Volume

$4,390,952,970.37

24h H/L

$64,662.99 / $64,123.00

Change: $539.99 (0.84%)

Long/Short
64.6%
Long: 64.6%Short: 35.4%
Funding Rate

+0.0030%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$64,503.95

0.20%

Volume (24h): -

Resistance Levels
Resistance 3$70,467.59
Resistance 2$66,379.48
Resistance 1$64,630.19
Price$64,503.95
Support 1$64,050.00
Support 2$62,909.86
Support 3$61,544.56
Pivot (PP):$64,220.09
Trend:Uptrend
RSI (14):51.2
TB
The Block Editorial
(02:51 PM UTC)
1 min read
DK
Verified byDavid Kim
1140 views
0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

The Block Editorial · The Block

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