Searching...
April's PPI came in nearly triple expectations, sending Bitcoin below $80K and pushing rate hike odds to 39%.
Share
The Federal Reserve’s rate cut narrative just took a blowtorch to the face. April’s Producer Price Index surged 1.4% month-over-month, nearly triple what economists had penciled in, and the entire risk asset complex flinched.
Bitcoin slipped below $80K on the news. Ethereum fell near $2,250. Solana dropped to around $91. XRP, the stoic one in the group, held relatively flat near $1.42.
