#BTC Hits New ATH# After the plummet caused by the PPI, is Bitcoin (BTC) and the altcoins' bull at risk?🌹🌹

This week, Bitcoin (BTC) and cryptocurrencies were monitored for critical economic data from the USA. At this point, first the US CPI data was released, followed by the PPI data.

Higher than expected US PPI figures shook global markets overnight, including cryptocurrencies.
The PPI data shows that tariff-related cost pressures are reflecting on consumers faster than expected and increasing the inflation risk.

While the data negatively affects the crypto markets, Singapore-based analysis platform QCP Capital stated that the US PPI figures have led to a short-term pullback in cryptocurrencies, but Bitcoin has remained intact without breaking its bullish trend.
QCP analysts stated that the better than expected PPI data shook the crypto market while strengthening the US dollar and increasing Treasury bond yields. US stocks, on the other hand, held strong.

Analysts also stated that the CPI data announced at the beginning of the week supported expectations for a larger FED rate cut in September, but high PPI data largely eliminated the possibility of a 50 basis point cut and raised the likelihood of a 25 basis point cut to 90%. The likelihood of keeping rates unchanged started to be priced at 9.4%.

Analysts recently stated that the higher-than-expected PPI data has led to a short-term pullback in cryptocurrencies due to the strengthening of the dollar and yields, but the upward trend in Bitcoin and cryptocurrencies that started in April has continued robustly, supported by increasing institutional adoption.

This is not investment advice.