Breaking: Bitcoin Retraces As US PPI Inflation Soars To 6.5% Ahead FOMC Meeting

Bitcoin fell hard on Thursday following some new U.S. inflation data that surpassed Wall Street estimates. The rise in inflation suggests that the Federal Reserve may keep a hawkish policy stance in the future. Ad Ad Bitcoin Tumbles As US PPI Inflation Hits Record High The Producer Price Index (PPI) rose 1.1% in May, according