Bitcoin and XRP Drop as US PPI Inflation Hits 6.3% With Focus on Kevin Warsh Speech
Key Highlights Bitcoin and XRP experienced extended sell-offs on Thursday following the release of hotter-than-anticipated U.S. Producer Price Index (PPI) data. The wholesale inflation figures arrived immediately after an unexpectedly hot Consumer Price Index (CPI) print, heightening fears of sustained Federal Reserve interest rate hikes. Market participants across both equities and digital assets are bracing ...