
markets·1d ago
PPI Rises 1.1% in May, Annual Inflation Hits Fastest Pace Since Nov 2022
The Producer Price Index jumped 1.1% in May, pushing the annual rate to 6.5%, while Bitcoin reacted with a price decline.
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The Producer Price Index jumped 1.1% in May, pushing the annual rate to 6.5%, while Bitcoin reacted with a price decline.

NYDIG research head Greg Cipolaro says overlapping factors — including AI, tech IPOs, quantum computing, and Strategy sale — are weighing on Bitcoin's price.