US PPI rises 0.7% in February, Bitcoin falls toward $72,000
Crypto Briefing
February's US PPI rose 0.7%, exceeding expectations, while Bitcoin's price declined towards $72,000.Summary
The US Producer Price Index (PPI) increased by 0.7% in February, surpassing economists' forecasts of 0.3%. The annual PPI rate accelerated to 3.4%, the highest since February 2025, indicating continued inflationary pressures. Core PPI, excluding volatile components, rose 0.5% monthly, remaining above estimates. Significant increases were seen in food prices (2.4%, with vegetables surging 48.9%) and energy costs (diesel up 13.9%). Services prices also climbed 0.5%, driven by traveler accommodation and other fees. The report suggests persistent inflation across goods and services, impacting Bitcoin's price, which edged lower following the data release, falling toward $72,000.
(Source：Crypto Briefing)