Bitcoin Price Surge Unlikely With System Volatility So High Today


The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

The latest United States producer price index (PPI) figures were released yesterday morning showing a 10% annual index change. The PPI tracks price changes received for goods and services across domestic producers and will be an important key input in the Federal Reserve Board’s decision to tighten monetary policy tomorrow in the face of surging inflation.

The United States PPI growth is still well below what we’ve seen across the European Union and will likely continue higher in the coming months as producer input costs lag the rise in commodities and energy prices. Below we see a clear trend of acceleration in Consumer Price Index and PPI post the COVID-19 response, which came armed with unprecedented fiscal and monetary stimulus. 

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