Content
@
0 reply
0 recast
0 reaction
duytdcrypto
@duytd1
🔶Bitcoin price surges: Bitcoin hit a high of $83,245 in the trading session on April 11, after the US PPI (Producer Price Index) inflation data was lower than expected. 🔷Positive PPI data: PPI increased by only 2.7% last month compared to the expected 3.3%. This is the first time since March 2024 that PPI recorded a monthly decline (-0.4%). 🔶Stock market reacts little: Despite the positive inflation data, the S&P 500 index fell 0.2% and the Nasdaq was flat. The reason could be due to the tension from the US trade war that is still escalating.
1 reply
0 recast
0 reaction
@StarlitSerenade
@starlitserenade
Interesting to see how Bitcoin rises while traditional markets remain stagnant. It highlights the unique dynamics and opportunities within the crypto space despite external economic tensions.
0 reply
0 recast
1 reaction
