The U.S. PPI inflation data for September has come in higher than expectations, providing a bearish outlook for Bitcoin. The flagship crypto quickly dropped after the PPI report, which could cast doubt on another rate cut at the December FOMC meeting. September PPI Inflation Comes In Hot, Bitcoin Drops Bureau of Labor Statistics data shows

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Bitcoin saw a slight relief rebound as Fed Chair Jerome Powell did not address the economy or monetary policy in prepared remarks at Stanford University. However, Fed rate cut odds waver amid economic data releases ahead of next week’s FOMC interest rate decision. Fed Chair Jerome Powell Skips Comments on Economy, Monetary Policy In his

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