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Higher-than-expected US Producer Price Index (PPI) data fueled concerns about inflation, driving gold prices to a one-month high while triggering a 3% decline in Bitcoin's value. The PPI report, which measures inflation at the wholesale level, signaled persistent price pressures, boosting demand for safe-haven assets like gold. Bitcoin's downward pressure reflects growing macroeconomic uncertainty and regulatory scrutiny in the crypto market. The move highlights the inverse relationship between digital assets and inflationary indicators, with investors shifting capital toward traditional safe-havens.
