Bitcoin price remains stagnant as US inflation falls and dollar weakens
Bitcoin (BTC) showed little reaction to the gains made at the Wall Street open on March 13 as US inflation indicators continued to decline. BTC/USD was trading around $81,500, down 2.3% for the day. The Producer Price Index (PPI) for February fell below expectations, similar to the Consumer Price Index (CPI) results from the previous day. Despite cooling inflation and a weakened US dollar, both stocks and crypto remained stable. Market analysts suggest that the ongoing US trade war may intensify due to slowing inflation, leading to increased volatility in the markets.
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