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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/us-producer-inflation-data-released-crypto-prices-react/" data-wpel-link="internal">US Producer Inflation Data Released, Crypto Prices React</a><br></p>
<p style="text-align: justify">As eyes were on US economic data today, March 14, 2024, at 15:30 Turkey time, attention shifted to producer inflation figures. The US Producer Price Index (PPI) and Core Retail Sales data were just released.</p> 
<h2 style="text-align: justify" id="us-producer-inflation-figures-announced">US Producer Inflation Figures Announced</h2> 
<p>While it becomes increasingly unclear when the FED will cut interest rates, the data released today on March 14 could be a significant indicator for the process. Speculation continues on how the FED will act in the coming period.</p> 
<p style="text-align: justify">The US Producer Price Index (PPI) and Core Retail Sales data were announced a few moments ago. The PPI was higher than expected, while Core Retail Sales data fell below expectations.</p> 
<p style="text-align: justify">PPI Announced: 1.6% (Expectation: 1.1% Previous: 1%)<br> Core Retail Sales Announced: 0.6% (Expectation: 0.8% Previous: -1.1%)</p> 
<h2 id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-size-full-wp-image-327453-src-https-coin-turk-com-wp-content-uploads-2024-03-abd-ufe-coin-turk-com-jpg-alt-width-1200-height-800"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-327453" src="https://coin-turk.com/wp-content/uploads/2024/03/abd-ufe-coin-turk-com.jpg" alt="" width="1200" height="800"></h2> 
<h2 style="text-align: justify" id="current-state-of-cryptocurrencies">Current State of Cryptocurrencies</h2> 
<p style="text-align: justify">Following the introduction of ETFs in the previous period, <a href="https://en.coin-turk.com/spot-bitcoin-etf-issuers-now-on-regular-monitoring-list/" data-wpel-link="internal">Bitcoin</a>‘s price surge continued at full speed. As of March, Bitcoin entered a steep ascent, surpassing the $73,000 mark and refreshing its ATH.</p> 
<p style="text-align: justify">Following the announcement, the Bitcoin price fell from the $73,000 level and is currently trading at $72,700. Earlier today, Bitcoin had revisited the ATH level above $73,500.</p> 
<p style="text-align: justify">There is already speculation in economic circles about where the US data could drive the price. With hours left until the US markets open, whether the recent drop in <a href="https://en.coin-turk.com/macro-expert-lyn-alden-believes-bitcoin-is-not-a-classic-bubble/" data-wpel-link="internal">BTC</a> is temporary or permanent will become clear in the coming minutes.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/us-producer-inflation-data-released-crypto-prices-react/" data-wpel-link="internal">US Producer Inflation Data Released, Crypto Prices React</a></h5>

US Producer Inflation Data Released, Crypto Prices React

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