Bitcoin Drops as Inflation Data Surges Higher Than Expected
Bitcoin's price has dropped nearly 3% in the last 24 hours following news that inflation in February was higher than expected. The producer price index rose 0.6% last month, indicating that inflation is not going away anytime soon. As a result, stocks, particularly tech stocks, have also dropped. Investors are hoping that the Federal Reserve will cut interest rates by May, which could cause Bitcoin's price to continue to surge.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Austrian Bank Raiffeisen Bank Invests Millions of Euros in Crypto Tax Firm Blockpit
Enso is now available on Sonic Network
Yesterday, ARKB had a net outflow of $9 million, and Grayscale ETH had a net outflow of $9.3 million
Trending news
MoreCrypto prices
More








