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BitcoinSource: CoinGape ·

Bitcoin Climbs as U.S. PPI Inflation Comes In Below Expectations

The Bitcoin price has rebounded following the release of the October PPI inflation report, with the data coming in below expectations. As a result of the lower-than-expected reading, crypto traders have also pared back bets on potential Fed rate hikes over the coming months.

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This headline and summary were published by CoinGape. CryptoNewsroom did not write or verify this story and shows it only as a pointer to the original. See how we select sources. Nothing here is financial advice.

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