Bitcoin Holds Above $81,000 as Producer Prices Post Largest Jump Since 2022
Wholesale prices rose 1.3% in September, with energy accounting for more than 80% of the increase. Bitcoin rose less than half a percent over 24 hours through the first two hours of U.S. trading, and none of the five largest tokens moved more than 1% in either direction.
AI summary
U.S. wholesale prices jumped 1.3% in September, the largest increase since 2022, with energy driving more than 80% of the gain. Bitcoin held above $81,000 but rose less than 0.5% over 24 hours, and none of the five largest tokens moved more than 1% in either direction. Traders are watching the hot producer-price print for its potential influence on Fed policy, but crypto price action remains muted and range-bound for now.
Narrative history
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41M AGOCrypto Briefing · Score 25 · via holds $81,000, Bitcoin holds
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46M AGOYou’re reading thisBitcoin Holds Above $81,000 as Producer Prices Post Largest Jump Since 2022The Defiant · Score 25
