Cryptocurrency prices are boosted by weak PPI data; Bitcoin breaks through $113,000
Source: CoinWorld
Time: 2025-09-10 21:31:36
The US PPI unexpectedly fell 0.1% month-on-month in August, lower than expected growth of 0.3%, and the year-on-year growth rate slowed to 2.6%. Core PPI also fell by 0.1%. The cryptocurrency market responded positively, with Bitcoin rising more than 1% to $113,700, and Ethereum also showed a similar increase, with Solana's SOL rising 3.3% to $224. Analysts believe that despite the continued market volatility, the data could alleviate inflation concerns ahead of the Federal Reserve's interest rate decision next week.