Bitcoin defies inflation concerns: Course growth of over 2 % despite the highest PPI data since February 2023

<p> <strong> Bitcoin defies inflation concerns: Course growth of over 2 % despite the highest PPI data since February 2023 </strong> </p>
Bitcoin course, despite the high US PPI data, places
The Bitcoin course surprisingly grew by over 2 % today and exceeded the $ 96,000 mark at short notice. Despite the publication of the US Producer Price Index (PPI), this happened that showed a troubling increase in inflation in January. According to the latest figures from the US Ministry of Arbeep Arbeits, the PPI rose by 3.5 % compared to the previous year, which has been the highest increase since February 2023. Compared to December, when the value was 3.3 %, this is a significant increase.
The PPI data that measure the prices at the producer level rose by 0.4 %on a monthly basis, which was also due to the expectations of Wall Street. These developments could increase inflation expectations and raise concerns about economic recovery. Nevertheless, the Bitcoin market reacted optimistically to the news, which indicates a strong market mood and the trust of investors in the long-term potential of Bitcoin.
Why Bitcoin ignores the inflation trend
The reactionary market movement of Bitcoin suggests that investors have a more optimistic perspective on the digital asset than was expected in view of the inflation increases. Despite the increasing number of inflation and uncertainty on the traditional financial markets, Bitcoin has strengthened its role as a possible "safe port". In times of inflation and economic instability, Bitcoin is increasingly perceived as protection against currency devaluation, since its offer is limited to 21 million coins.
These market movements also show that Bitcoin and other cryptocurrencies are increasingly regarded as a long -term investment, and not just as speculative assets. The latest price movements indicate that the market detaches from short -term inflation expectations and macroeconomic concerns and focuses on the future growth potential.
In addition, the entire market capitalization of cryptocurrencies increased by 2.1 %, which indicates a wider level of market. Important old coins such as Ethereum, XRP and Cardano also recorded growth of over 2 %, which reflects the optimistic trend on the entire crypto market.
Analysts observe the support levels of the Bitcoin course, which could be crucial for continuing the upward trend. A breakthrough of important resistance lines could increase the price further. On the other hand, experts warn that a decline under the $ 92,000 mark could lead to considerable sales pressure that could drop the Bitcoin course to around $ 70,000.
The influence of the interest policy of the Fed
The latest inflation data and their effects on the Bitcoin market are also related to the interest rate policy of the US Federal Reserve (FED). According to the higher than expected US consumer price index data (CPI), the FED may not lower its interest rates as quickly as some market participants hoped for. These developments could further influence the markets and strengthen Bitcoin as a preferred system in a low interest rate environment.
The reactions to the PPI data and the resulting market developments show how the Bitcoin market reacts to macroeconomic changes and further consolidates its role as protection against inflation.