Bitcoin bulls get no help from the latest U.S. macro data as $52,000 forms sturdy BTC price resistance.
Bitcoin (BTC) stuck to $52,000 at the Feb. 16 Wall Street open as the latest United States macro data ran above expectations.
Data from Cointelegraph Markets Pro and TradingView showed stagnant BTC price action into the week’s last TradFi trading session.
Following hot on the heels of the Consumer Price Index (CPI) print two days prior, the Producer Price Index (PPI) numbers for January added to the U.S. inflation headache.
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Source: https://cointelegraph.com/news/bitcoin-us-ppi-miss-52k-fed-rate-cut-odds-fall