$BTC

The price of Bitcoin has recorded a decrease of about 1.85% over the last 24 hours, as a bearish sentiment looms again over the cryptocurrency universe, with the U.S. Producer Price Index (PPI) reaching 2.6%. In this context, the most significant token is currently trading at $107,249.8, with a trading volume of $52.034 billion.

Moreover, the altcoin market is following the same path and recording a similar price movement. Notably, an increase in U.S. PPI data indicates a rise in inflation, suggesting a strong likelihood of a pause in the Fed's interest rates.