BREAKING NEWS🚨| The U.S. PPI (wholesale inflation) in July skyrockets well above expectations:

📈 Yearly: +3.3% (est. 2.5%)

📈 Monthly: +0.9% (est. 0.2%)

The PPI measures how much prices that companies pay to produce goods and services increase. If these costs rise, they are usually passed on to the consumer, putting pressure on overall inflation… and on the Fed.

#Bitcoin reacted strongly downward, falling to USD 117,900 in a matter of minutes.