Crypto World News reports that the U.S. Producer Price Index (PPI) rose 1.1% in May, far exceeding Wall Street's expected 0.6% increase, with an annual growth rate reaching 6.5%. This data has increased market uncertainty about Federal Reserve policies, causing Bitcoin prices to retreat to around $62,500. Despite the pressure, Bitcoin remains above a key support zone, and analyst Daan Crypto Trades pointed out that if it can stay above $60,000, it may attempt a rebound. Meanwhile, crude oil prices rose to $90.8 per barrel due to Trump's comments about possible military action against Iran, further increasing inflationary pressures in the market.

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GlassBottleFeather
· 5h ago
Crude oil over $90, Bitcoin under pressure, the twin stars of inflation have come together.
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Paper-CutOctopusMarketAnalysis
· 5h ago
Holding at 62k is victory; I’ve been watching the critical support at 60k that Daan mentioned closely.
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ReadingContractsUntilMyEyesAre
· 5h ago
PPI hits record high, the Federal Reserve is going to have a headache again, who can withstand a 6.5% annual growth rate?
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WhitepaperByTheRoadside
· 5h ago
Wall Street expected 0.6%, actual 1.1%, this prediction error could buy a Tesla.
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