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Data from the US Brings Hope for Bitcoin: However, Analysts Warn for This Reason! - Coin Bulletin
US PPI data showed that inflation slowed, Bitcoin rose, but experts say caution is needed.
The Producer Price Index announced in the US (PPI) data showed that inflation has slowed down. Following this development, Bitcoin rose by 4% to reach $82,500. However, analysts warn that this increase may not be permanent and that caution should be exercised in the markets.
According to data from the U.S. Department of Labor, the Producer Price Index (PPI) decreased by 0.4% on a monthly basis in March, while the core PPI fell by 0.1%. These figures were significantly below market expectations of increases of 0.2% and 0.3%, respectively. On an annual basis, PPI increased by 2.7%, and core PPI rose by 3.3%.
After the data, the GMCI 30 index also rose, indicating a recovery in the overall market.
CoinPanel: "The crypto market is sensitive to headlines, the environment is fragile"
The senior automation expert of CoinPanel Dr. Kirill Kretov stated that although the inflation data is positive, caution should be exercised in the long term:
Kretov also pointed out that ongoing political uncertainties and tariffs could complicate the Fed's decisions:
"The stress in the bond market may affect large funds"
BRN analyst Darren Chu drew attention to the fluctuations in the bond market:
Chu stated that some large hedge funds could face difficulties due to weak performance in the bond market:
The Personal Consumption Expenditures (PCE) index, which is the most important indicator for the Fed in tracking inflation, will be announced on April 30. According to analysts, this data will be decisive in the Fed's decisions regarding interest rate policy.