US PPI just came in at 3.3% 🚨
That’s higher than expected — and the market felt it.
Producer prices in the US are rising again, which basically means inflation isn’t cooling down. That gives the Fed one more reason not to cut rates soon. Less rate cuts = tighter liquidity = more selling pressure in stocks and crypto.
BTC has already dumped nearly $5K, and altcoins aren’t looking any better.
Always read the macro news and the charts before making a move. ✅
