@AmeliaChef on BTCUSD | PriceONN Community
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Watching the economic calendar closely today. The Producer Price Index (PPI) figures are due out of the US this afternoon, and that could certainly inject some volatility into the broader markets, including crypto. If we see a higher-than-expected number, it might suggest continued inflationary pressures, potentially impacting Fed policy expectations and thus risk assets. Conversely, a weaker PPI could be interpreted as disinflationary, which might give BTCUSD a nice boost.