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Although the leading cryptocurrency Bitcoin briefly fell to $55,000 yesterday following the CPI data from the US, it later recovered and rose above $58,000. 
While BTC has been exhibiting quite volatile movements in recent days, data on the US Producer Price Index (PPI) was also announced today. 
<h2 id="the-data-disclosed-is-as-follows">The data disclosed is as follows:</h2> 
Core Producer Price Index (Monthly): Announced 0.3% – Expected 0.2% – Previous 0.0% 
Core Producer Price Index (YoY): Announced 2.4%– Expected 2.5% – Previous 2.4% 
Producer Price Index (Monthly): Announced 0.2%– Expected 0.1% – Previous 0.1% 
Producer Price Index (Annual): Announced 1.7%– Expected 1.8%– Previous 2.2% 
In addition to the PPI data, US Unemployment Claims were also announced. 
US Jobless Claims: Announced –230k Expected 227k – Previous 227k 
<h2 id="following-the-incoming-ppi-data-the-first-reaction-of-bitcoin-and-dollar-dxy-was-as-follows">Following the incoming PPI data, the first reaction of Bitcoin and Dollar (DXY) was as follows:</h2> 
&nbsp; 
<img fetchpriority="high" decoding="async" class="alignnone wp-image-153474" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/09/Ekran-Resmi-2024-09-12-15.39.57.png" alt="" width="629" height="511"> 
<img decoding="async" class="alignnone wp-image-153472" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/09/Ekran-Resmi-2024-09-12-15.32.38.png" alt="" width="624" height="522"> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-us-ppi-data-announced-here-is-the-first-reaction-of-bitcoin-btc-and-dollar-dxy/">BREAKING! US PPI Data Announced! Here is the First Reaction of Bitcoin (BTC) and Dollar (DXY)!</a>

BREAKING! US PPI Data Announced! Here is the First Reaction of Bitcoin (BTC) and Dollar (DXY)!

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