#MarketTurbulence
Important data to consider from $BTC
#HotJulyPPI 💥💥💥
In July, the Producer Price Index (PPI) of the United States recorded a 0.9% increase, its largest monthly rise in more than three years, according to the report published on Thursday. This indicator measures the price variation of goods and services.
On August 15, options for BTC and ETH worth a total of 6 billion dollars expired. This expiration led traders to cover positions, increasing the risk of bearish movements.
After a week with increases in most major tokens, the market capitalization registered a slight decline of 0.2% to 3.98 trillion dollars today.
According to blockchain data collected by Arkham Intelligence, Finbold estimated that BlackRock's cryptocurrency holdings exceeded 104 billion dollars on August 14, comfortably surpassing the 100 billion mark.
American Bitcoin, the Trump-backed company, increased its mining power to 14.02 EH/s after acquiring 16,299 Antminers for 314 million dollars.