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๐จ Hot PPI Data Hits the Market: $BTC Under Pressure! ๐
The latest US January Producer Price Index (PPI) just came in significantly hotter than expected, sending immediate shockwaves through the market!
๐น The Data: Core PPI spiked +0.5% MoM (crushing the +0.3% estimate). As a result, market odds for a March Fed rate cut have completely collapsed below 4%.
๐น BTC Impact: BTC is taking a direct hit, hovering around $66,178 after a sudden intraday pullback. Analysts are now warning that a retest of the $59,000 support level could be on the table.
๐น Safe Havens Fly: While risk assets bleed, traditional havens are surging! Gold $XAU just broke $5,200/oz, and Silver $XAG hit $92/oz.
Are you buying this macro-driven dip, or waiting for lower levels? ๐ฉธ๐