Leading cryptocurrency Bitcoin rose above $59,000 yesterday following positive CPI data from the USA. However, it later fell back to $ 57,000.

While BTC has exhibited very volatile movements in recent days, data on the US Producer Price Index (PPI) was also announced today.

The data disclosed is as follows:

Core Producer Price Index (Monthly): Announced 0.4% – Expected 0.2% – Previous 0.0%

Core Producer Price Index (Annual): Announced 3.0% – Expected 2.5% – Previous 2.3%

Producer Price Index (Monthly): Announced 0.2% – Expected 0.1% – Previous -0.2%

Producer Price Index (Annual): Announced 2.6% – Expected 2.3% – Previous 2.2%

Bitcoin’s first reaction after the incoming PPI data was as follows:

*This is not investment advice.