U.S. PPI Data Drops Today — Will Crypto Rally Continue?
After April's CPI cooled to 2.3%, boosting Bitcoin to near $105K, BTC has now slipped below $102K amid profit-taking. Today's PPI release at 8:30 AM ET could reignite bullish momentum if it shows further inflation easing.
Current Prices:
BTC: $102,039
ETH: $2,546.92
SOL: $169.89
BNB: $651.28
DOGE: $0.22527
Watch for market reactions to the PPI data. A favorable report may signal continued inflation deceleration, potentially fueling a crypto rally. Conversely, a higher-than-expected PPI could dampen market sentiment.
Stay tuned for updates.
