Bitcoin (BTC) saw volatility into the Sept. 12 Wall Street open as fresh United States macro data offered mixed signals on inflation.

The August print of the US Producer Price Index (PPI) showed a month-on-month increase slightly beyond expectations, while its year-on-year equivalent was lower than anticipated at 2.4%.

Unemployment numbers also came in hotter than expected at 230,750 versus the expected 227,000.

Despite the mixed data, the Federal Reserve is still expected to opt for a modest 0.25% interest rate cut at its upcoming meeting on Sept. 18.

Trader and analyst Michaël van de Poppe noted that the European Central Bank (ECB) had already delivered its own rate reduction, and said "Good things" were "lining up for Bitcoin."

Source: https://cointelegraph.com/news/bitcoin-price-58k-us-ppi-jobless-claims-surprise

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