Cryptocurrency Market Crash, Bitcoin at $115k: What’s Going On?
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最新报道：The cryptocurrency market is experiencing a sharp correction, with Bitcoin dropping to $115,000, down 2.1% daily and 5% weekly. The decline follows higher-than-expected U.S. Producer Price Index (PPI) data, which rose 0.9% in August—the largest jump since June 2022—spooking investors and raising concerns over potential Fed rate cuts. Despite recent gains driven by favorable Consumer Price Index (CPI) data, which pushed BTC to an all-time high of $124,128, the PPI surge has dampened momentum. Market watchers await the Fed's Jackson Hole meeting for further monetary policy signals, with an 84.8% probability of a 25-basis-point rate cut in September.
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