While the leading cryptocurrency Bitcoin (BTC) continues to trade in a narrow range, the FED's interest rate decision to be announced next week is expected to trigger the 0 it is considered certain that the FED will cut interest rates in September, a 25 basis point rate cut is priced in at 91.8%, and a 50 basis point cut is priced in at 8.2%. While some experts state that the FED's interest rate cut has already been priced in, others argue that the FED's interest rate cut will trigger the expected 1 the FED's decision was eagerly awaited, data on the US Producer Price Index (PPI), one of the data the FED follows in its decisions, was 2 data disclosed is as follows: Core Producer Price Index (Monthly): Announced -0.1% – Expected 0.3% – Previous 0.9% Core Producer Price Index (Annual): Announced 2.8% – Expected 3.5% – Previous 3.7% Producer Price Index (Monthly): Announced -0.1% – Expected 0.3% – Previous 0.9% Producer Price Index (Annual): Announced 2.6% – Expected 3.3% – Previous 3.3% Bitcoin's first reaction after the incoming PPI data was as follows: *This is not investment 3 Reading: BREAKING NEWS!
US PPI Data Released! What Was Bitcoin's (BTC) First Reaction?
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