Bitcoin Rallies as Cooling US Producer Prices (2.4% PPI) Fuel Risk-On Sentiment

Inflation’s slow bleed becomes crypto’s lifeline—Bitcoin flips green after April’s PPI print hints at a less aggressive Fed. Traders shrug off ’transitory’ memes and reach for the leverage.

The Macro Trigger:

US producer prices rose just 2.4% YoY in April, the slowest pace since 2021’s speculative mania. Cue the algo-driven BTC pumps as Wall Street suddenly remembers ’digital gold’ narratives.

The Cynical Take:

Funny how institutional FOMO returns when traditional finance needs a volatility fix. Meanwhile, the SEC still hasn’t approved that spot ETF—but hey, who needs compliance when you’ve got hopium?

U.S. PPI Annual Rate in April Falls for the 3rd Consecutive Month

As per the latest reports, the United States of America’s PPI annual rate in April recorded 2.4%. This marks the third consecutive drop on a monthly basis. Moreover, the latest stats are the lowest since September 2024.

The U.S. PPI annual rate in April was 2.4%, falling for the third consecutive month and the lowest since September last year. The monthly PPI rate in April was -0.5%, the lowest since April 2020, far below the market expectation of 0.2%.

Breaking it down, the monthly PPI rate in April was -0.5%. This data is reportedly lowest in 63 months or since April 202. Moreover, the data released was 0.2% below the expectations of this sesion.

The Impact on Bitcoin Price Today

Following the release of the data, the Bitcoin price took a slight hit by dropping toward its immediate support zone. However, the cryptocurrency market recovered immediately, resulting in top altcoins recovering their short-term losses. At the time of writing, the price of Bitcoin was $103,984 with an intraday trading volume of $44.98 billion, a change of -8.97%.

Moreover, the daily high and low of the largest crypto token was $104,110.99 and $101,440.81 respectively. With this, the BTC price is now trading at a discount of only 4.68% from its all-time high (ATH) of $109,114.88. Considering the present market sentiments, the bitcoin price could potentially test a new ATH this month.

Also Read: Bitcoin Edges Higher as US CPI Cools to 2.3% in April