The reason for the recent Bitcoin spike is that the PPI data released at 20:30 was higher than expected, indicating that corporate costs are still rising, which may push up prices in the future.

As a result, the Federal Reserve is even less likely to easily lower interest rates, and may even delay the anticipated rate cut in September. Meanwhile, as the market realizes that rate cuts won't come so soon, it panics, leading to declines in stocks, Bitcoin, and other risk assets.

However, there are other data releases and negotiation spaces before the September interest rate meeting, so Yiyu believes that this data will only slightly reduce the probability of a rate cut in September, but it is not fatal. $BTC $ETH #美国7月PPI年率高于预期