🟠Bitcoin is showing resilience above $83,000 despite ongoing tensions triggered by the trade war. Following the release of U.S. Producer Price Index (PPI) data, which came in below expectations, the BTC/USD pair reached $84,300. The drop in inflation sent a strong signal to the market: both headline and core PPI posted figures of 2.7% or lower, indicating a slowdown in price pressures.
🟠Additional support for Bitcoin came from a weakening U.S. dollar. The DXY index fell below 100 for the first time since 2022. Analysts highlight the historical correlation between a declining DXY and rising BTC prices. However, geopolitical risks continue to weigh on the broader crypto market’s growth.