The decrease in encryption prices after the trauma inflation report

The largest cryptocurrency in the world decreased sharply on Thursday after the latest inflation data showed that wholesale prices rise much faster than expected. Bitcoin price decreased by 3.8 % per day ($ 117,900), ETHEREUM decreased by 4 % ($ 4,535), and Ripple decreased by 6.1 % ($ 3.07), according to Coinmarketcap.

The encryption prices respond to the PPI for the month of July, which measures the average price change from American manufacturers and service providers. It increased by 0.9 %, according to the Labor Statistics Office, the largest monthly increase since March 2022, according to Wall Street Journal.

This increase was 0.9 % three times higher than expected, and this is a bad sign for Americans who are concerned about the high prices because the number of producers’ price index tends to be a sign of what will come to the ordinary consumer. This also means that the federal reserve is less likely to reduce interest rates in the short term, which was Wall Street expected globally in September. But not anymore.

Experts were surprised

Rick Santelli, a CNBC broadcaster, has long been a long -standing supporter of President Donald Trump’s economic policies, in actual time while providing news Thursday morning. “The address number is great,” announced Santelli. “Oh my God, up to 9/10 percent. Until 9/10.”

https://www.youtube.com/watch?

President Trump has falsely claimed that inflation was no longer a problem, but prices did not rise in the same amount or at the speed that most economists were predicting after Trump announced “Liberation Day” on April 2. But it seems completely possible that America is not outside the forest when it comes to inflation caused by mass tariff, given a large number of prices imposed on prices on Thursday.

The consumer price index for the month of July, issued on Tuesday, increased by 2.7 % on an annual basis, slightly lower than 2.8 % expected. But the so -called basic inflation, which excludes the prices of food and volatile energy badly, increased by 3.1 % this year, which is the highest level in five months. Half of the Americans say that the price of the grocery is “great pressure” in their lives, according to the recent polling poll. The Associated Press Nork Center for Public Affairs Research.

Political intervention

Unemployment claims on August 9 came At 224,000, a little less than the expected number of 230,000. However, other unemployment numbers have been widely revised after enough time. And those wild fluctuations are a kind of thing you see before stagnation. These reviews have become a problem with the president.

On August 1, Trump launched Head of the Labor Statistics Office, Erika Minarker, because he did not like the reviews. President McNTarfer was accused of using “forged” numbers in one of the most transparent fascist movements that Trump tried. During normal times, the shooting of the Messenger is called.

Trump, who has made himself richer through Crypto, the Power Powell Chairman, has tried to reduce interest rates but has not yet succeeded. If inflation rises, there is no reason to reduce rates because this will theory increase in inflation.

Not only Bitcoin

Dow decreased on inflation news, but its closing market recovered on Thursday. The S&P 500 also decreased dramatically after issuing the product price index numbers on Thursday morning and closed two points higher only after it recorded a record on Wednesday, which is technically put in another record, even if something characterized by CNBC as a “temporary stop”.

Other cryptocurrencies also decreased, although sometimes they are more modest than big players such as Bitcoin and Ethereum. BNB decreased by 0.7 %, Solana decreased by 4 %, you see 0.6 % decreased, and Dogecoin decreased 8.1 %. Cardano, the eighth largest cryptocurrency in the world, rises by 2.3 %.