Bitcoin under pressure: price decline to $ 101,000 and historical decline in the US PPI by 0.5%

Bitcoin under pressure: price decline to $ 101,000 and historical decline in the US PPI by 0.5%
Bitcoin records decline - support at 101,000 USD tested
The Bitcoin course falls by 1.8 % and thus tests the important support at $ 101,000. This development reflects the current market situation, in which the largest cryptocurrency is affected by a general downward trend.
An important factor in the economic landscape is the decline in the producer price in index (PPI) in the USA by 0.5 %. This represents the strongest decline since the start of the survey and could indicate a changed inflation expectation, which in turn has an impact on the cryptocurrency market.
Overall, the development of the Bitcoin Prize and the economic environment will continue to be observed closely, since they provide important references to future movements for investors and market participants.