The Producer Price Index rose sharply in January, raising concerns about ongoing inflation and prolonged high interest rates. This data has increased pressure on risk-sensitive assets such as cryptocurrencies.
Ethereum also experienced outflows from exchange-traded funds, with the index reaching 16 points. There is a strong sense of fear among investors. The continued debt reduction in derivatives markets has contributed to this.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Producer Price Index rose sharply in January, raising concerns about ongoing inflation and prolonged high interest rates. This data has increased pressure on risk-sensitive assets such as cryptocurrencies.
Ethereum also experienced outflows from exchange-traded funds, with the index reaching 16 points. There is a strong sense of fear among investors. The continued debt reduction in derivatives markets has contributed to this.