2025-06-12 07:45:29

Traders Await PPI Release, Bitcoin Drops to US$107 Thousand

Bitcoin fell slightly by 1.6% to US$107,758 due to profit-taking after its price surged to US$110,000 recently. The Fear & Greed Index also dropped from 65 to 61 as traders await the release of the producer price index (PPI), which caused the price of Bitcoin to decline a bit today.
As information, a PPI higher than expected may indicate rising inflation, which could potentially lead the Federal Reserve to raise interest rates, negatively impacting Bitcoin prices.
This 24-hour decline is in line with the cooling momentum of exchange-traded funds (ETF). Net inflows into ETFs have slowed to US$164.6 million since June 5, down from a weekly average of US$1 billion.
This follows the 11.7% drop in GameStop's stock after a $1.75 billion convertible bond offering, which triggered risk-averse sentiment across speculative assets.

BTC-0,47%

SUKU-3,68%

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