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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surpasses-90000-as-altcoin-market-recovers/" data-wpel-link="internal">Bitcoin Price Surpasses $90,000 as Altcoin Market Recovers</a> 
Bitcoin price exceeded $90,000 at the time of this writing, bringing joy to traders. Altcoins are also moving towards their annual peaks once again. The surge of large market-cap <a href="https://en.coin-turk.com/bonfida-provides-innovative-solutions-for-solana-blockchain/" data-wpel-link="internal">altcoins</a> like <a href="https://en.coin-turk.com/the-influence-of-elon-musks-tweets-on-dogecoin-shiba-inu-and-floki/" data-wpel-link="internal">DOGE</a> has increased the risk appetite for these cryptocurrencies. Today, the U.S. producer inflation data was released. 
<h2 style="text-align: justify" id="u-s-producer-inflation-data-released">U.S. Producer Inflation Data Released</h2> 
For over two quarters, <a href="https://en.coin-turk.com/crypto-prices-react-to-recent-developments-as-bitcoin-attempts-recovery/" data-wpel-link="internal">cryptocurrency</a> traders had faced significant losses in altcoins due to ongoing fluctuations. However, this situation ended as the price of BTC surpassed the $73,777 threshold. Investors, having not found exactly what they wanted in October, began to be convinced by the surge seen in November that historical data indicates a rising period lasting for months. 
<h2 style="text-align: justify" id="inflation-trends-and-market-reactions">Inflation Trends and Market Reactions</h2> 
The Fed must continue its rate cuts, which requires either a decrease in inflation or at least stability. The Producer Price Index (PPI) data, a crucial leading indicator for consumer inflation, was recently released. The annual expectation for core PPI was announced at 3%, up from last month’s 2.8%. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-406772 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-14_16-32-59.png" alt="" width="1815" height="836"> 
Core PPI exceeded expectations at 3.1%. However, the annual PPI was reported at 2.4%, up from 1.8% in the previous month. Since the expectation for PPI was 2.3%, the variation was not excessively high. Furthermore, figures around 2% are unlikely to cause significant panic. As unemployment claims were reported at 217K against a 220K expectation, short-term fluctuations may occur. 
The post <a href="https://en.coin-turk.com/bitcoin-price-surpasses-90000-as-altcoin-market-recovers/" data-wpel-link="internal">Bitcoin Price Surpasses $90,000 as Altcoin Market Recovers</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Surpasses $90,000 as Altcoin Market Recovers

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