Bitcoin sees minor sell-off in response to worse-than-expected PPI data

The Bureau of Labor Statistics has released Producer Price Index (PPI) information for November showing a month-over-month summation of 0.3%.

Expectations were for a 0.2% increase, giving a worse-than-expected effect and further signs ostentation is not nether control.

PPI shows the mean alteration implicit clip successful the selling prices received by home producers for their output.

Bitcoin’s archetypal effect saw a 1% downside plaything connected the 13:30 15-minute candle, to bottommost astatine $17,060.

Source: BTCUSDT connected TradingView.com

The station Bitcoin sees insignificant sell-off successful effect to worse-than-expected PPI data appeared archetypal connected CryptoSlate.