Browsing: DeFi & Web3

September producer price inflation came in at 6.3% against a 5.3% forecast, while core PPI reached 5.0% where 4.4% was expected. Both missed by a wide margin, and the headline reading now sits at its second highest level since November 2022. AI predicts Bitcoin finds support between $80,660 and $74,340 rather than below it. Why?

The market is a bit more buoyant as the U.S. Senate confirmed Trump’s nominee Michael Selig to lead the CFTC and potentially bring regulatory clarity to the crypto industry. Bitcoin reclaimed $88.2K after having slid to $85K earlier, but still finished the week 4% down. Tread carefully, though, as Fidelity warns that BTC could drop…