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EXTREMELY IMPORTANT UPDATE💥💥💥
$BTC | US PPI Comes In Hotter Than Expected
US PPI printed at 5.4%, above the 5.3% forecast.
The difference is small, but the message matters: inflation pressure is still there. That gives the Fed less room to turn dovish.
For crypto, this is not bullish. I’d stay careful with longs until we see how the market absorbs the data.
