US PPI Exceeds Expectations, Bitcoin Dips Below $70,000, Temporary Correction Ahead?
Bitcoin Investing TradFi 

US PPI Exceeds Expectations, Bitcoin Dips Below $70,000, Temporary Correction Ahead?

The US released the Producer Price Index (PPI) yesterday, which was higher than market expectations. As a result, the US stock market closed lower across the board, and Bitcoin gradually declined after reaching a high of 73,777. Ethereum also fell below 4,000, as the probability of approving an Ethereum spot ETF in May was lowered by analysts. The trend of ETH appears weak compared to Bitcoin, which continues to oscillate in the high range but lacks stronger upward catalysts. Analysts predict that the price will temporarily retrace.

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