Adam Forsyth

US PPI rises 0.7% in February, Bitcoin falls toward $72,000

Bitcoin edged lower on Wednesday following the release of February wholesale data. The Bureau of Labor Statistics reported that the producer price index climbed 0.7% last month, exceeding economists’ expectations of 0.3%. The annual rate accelerated to 3.4%, matching the highest reading since February 2025 and signaling persistent inflationary pressures at the producer level. Core…

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