Stock viewCointelegraph
Bitcoin holds below $70K as stocks slip despite cooler US PPI
Negative-23
GreyOak summary
Bitcoin dropped 4% to around $68,700, failing to reclaim $70,000, following a tepid market reaction to US PPI data. The US Producer Price Index rose 6.5% year over year in October, slightly below expectations but marking the largest increase since November 2022.
What it affects
- BitcoinNegative -23
Bitcoin fell 4%Rolling sentiment Negative -24
