The main driver behind the price spike to the US$ 65,000s level was the release of economic data from the United States. The Producer Price Index (PPI) for June showed monthly deflation of -0.3%. This easing inflation figure led to speculation that The Fed (the US central bank) would likely adopt a more dovish stance on interest rates, which was immediately met with a positive response from the crypto market. $BTC $ETH $GT

BTC-1.23%
ETH-2.42%
GT-0.89%
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Denisakapratama
· 16h ago
HODL Tight 💪
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