#MarketTurbulence Cryptocurrency in Panic: $1 Billion Disappeared Because Someone Said Three Letters - PPI

This week, something astonishing happened: $1 billion was liquidated in just a few hours. And all because the American Producer Price Index, PPI, rose slightly more than expected. You heard that right. It wasn’t an explosion at a mining farm, a ban on Bitcoin in some state, or even a tweet from Elon Musk. A number from a report was released, and traders lost their minds.

Bitcoin even managed to drop below $112,000, although just recently we were told that “it wouldn’t go below a hundred thousand.” Sure, of course. We were also told that coffee wouldn’t get more expensive if salaries at Starbucks were raised.

And now, while Bitcoin was trying to remember who it is - an asset of the future or just a trendy analog of gold, Ethereum ETFs received an unexpected gift in the form of a $729 million inflow. Institutions are like: “Oh, panic? Great, let’s buy!”.

Why is this important? Because cryptocurrency, once advertised as independent from the system, now reacts to macroeconomic news faster than the bond market. We live in a world where Bitcoin fears inflation, while Ethereum rejoices when everyone is nervous.