Us cpi projected at 2.7% impacts BTC: The Consumer Price Index (CPI) is anticipated to show a 2.7% year-over-year increase, with a stable core CPI at 3.3%. This inflation data, expected on December 11, might lead investors to consider Bitcoin as a hedge against rising inflation, affecting BTC’s sentiment.
Ppi report to influence Bitcoin market: The Producer Price Index (PPI), set to release on December 7, will be pivotal in market expectations about Federal Reserve interest rate moves. A higher PPI may signal rising production costs and inflation, indirectly pushing investors to safe-haven assets like Bitcoin.
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