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Although the inflation data announced during the week were above expectations, the Bitcoin price fell for a short time but recovered quickly. 
BTC, which dropped to $ 48,000 after the CPI data, reached the limit of $ 53,000. 
While BTC is currently at $51,912, important economic data is being followed in the crypto market this week. 
At this point, data on the US Producer Price Index (PPI) was also announced today. 
<h2 id="the-data-disclosed-is-as-follows">The data disclosed is as follows:</h2> 
Core Producer Price Index (Monthly): Announced 0.5% – Expected 0.1% – Previous 0.0% 
Core Producer Price Index (Annual): Announced 2.0% – Expected 1.6% – Previous 1.8% 
Producer Price Index (Monthly): Announced 0.3% – Expected 0.1% – Previous -0.1% 
Producer Price Index (Annual): Announced 0.9% – Expected 0.6% – Previous 1.0% 
<h2 id="the-first-reaction-of-bitcoin-btc-and-dollar-dxy-after-the-incoming-ppi-data-was-as-follows">The first reaction of Bitcoin (BTC) and Dollar (DXY) after the incoming PPI data was as follows:</h2> 
<img decoding="async" class="alignnone wp-image-135013 size-large" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/02/Ekran-goruntusu-2024-02-16-163106-1024x451.png" alt="" width="696" height="307"> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-us-ppi-data-announced-here-is-the-first-reaction-of-bitcoin-and-dollar-5/">BREAKING! US PPI Data Announced! Here is the First Reaction of Bitcoin and Dollar!</a>

BREAKING! US PPI Data Announced! Here is the First Reaction of Bitcoin and Dollar!

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