Bitcoin (BTC) retreated to $107,000 levels despite the inflation data announced yesterday that came in below expectations. While investors are wondering which direction Bitcoin and cryptocurrencies will go, data on the US Producer Price Index (PPI) was announced today. The data disclosed is as follows: Core Producer Price Index (Monthly): Announced 0.1% – Expected 0.3%
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Anthony Scaramucci, the founder of SkyBridge Capital, has long been one of the most vocal proponents of cryptocurrency. In 2017, during Trump’s first term in office, Scaramucci was appointed as the White House Communications Director. However, his political tenure was short-lived—he was dismissed just ten days later following a highly publicized dispute with then-Chief of
Bitcoin and altcoins are trying to recover from the sharp declines. BTC is still trading below $90,000 with only a few months left in the first quarter. While there was curiosity about whether BTC would explode, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is considered