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PPI is heating up, yet $BTC is still recovering—why is that?
The US PPI rose by 1.3% and Core PPI increased by 0.7%, meaning inflationary pressures remain significant. However, the US10Y and DXY have declined, while BTC has rebounded toward the $82k level, with ETH and other altcoins also recovering.
A decline in yields could support crypto if it stems from expectations of a more dovish Fed; however, if it is driven by risk-off sentiment, it may not necessarily be a positive signal.
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Cryptos tendance
BTC/USDTBitcoin
$82 566,8+0,02 %
ETH/USDTEthereum
$2 428,94+0,02 %
OKB/USDTOKB
$114,14+0,01 %
Tendances du marché
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