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Higher-than-expected US Producer Price Index (PPI) data fueled safe-haven demand for gold, pushing prices to a one-month high, while Bitcoin faced renewed selling pressure, with BTC down nearly 3% amid inflation concerns. The 0.8% monthly PPI increase signaled persistent inflationary pressures, weakening the dollar and boosting gold. Bitcoin’s decline reflects investor flight to traditional safe assets during macroeconomic uncertainty. The move highlights divergent market reactions to inflation data, with crypto remaining vulnerable to dollar strength and policy risks.
