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Bitcoin (BTC) 
$104,296 price hovers around $82,900 while altcoins continue to face declines. During the preparation of this article, the US producer price index (PPI) report was released, which holds significant implications given the current tariff discussions. Let’s analyze what the latest PPI data means for cryptocurrency investors.
US PPI Data Insights
The PPI data exceeded expectations, showing promise for upcoming PCE and new inflation figures. The annual PPI came in at 3.2% compared to a 3.3% forecast, marking a substantial decrease from the previous month’s 3.5%. Since yesterday’s inflation data also fell short of expectations, cryptocurrencies are expected to rise; however, global uncertainties are dampening market appetite.
Following the report, BTC price showed little significant change.
Details of the PPI Report
The PPI, which increased by 0.6% in January and 0.5% in December, remained unchanged this month. The decrease to 3.2% on an annual basis is quite positive in terms of combating inflation. However, the impact of tariffs fully implemented in April will also play a critical role. Commodity prices rose by 0.3%, food prices increased by 1.7%, while energy prices fell by 1.2%. Gasoline prices dropped by 4.7%.
Decreases in energy and trade services balanced out the overall price increases. On the demand side, both processed and unprocessed commodity prices rose. With the halt in food price increases, we may see further drops ahead.
- The service sector has experienced its largest drop since July 2024.
- Service prices, excluding trade, transport, and storage, increased by 0.2%.
- Prices for hospital inpatient care services rose by 0.8%, while outpatient care and machinery parts also saw increases.
- Processed food and feed prices increased by 2.0%.
- Diesel fuel prices fell by 3.9%, supporting the decline in primary organic chemicals and confectionery ingredients.
The March PPI report will be released on April 11, 2025. As this article was being prepared, Trump stated that “egg prices have fallen, oil has decreased, and interest rates are down.” However, he does not agree with the idea that current tariffs will push the US into recession. Trump remarked that the country is set for a significant uplift in the coming months.
