10.09.2025 21:06

According to internet sources, Bitcoin experienced a surge, climbing over 0.5% to exceed $114,000, following the release of the Producer Price Index (PPI) for August, which showed a decrease of 0.1%. A significant majority, around 88%, of investors are anticipating a 25 basis point reduction in the Federal Reserve's interest rate at the upcoming FOMC meeting next week.

The increase in Bitcoin's value occurred shortly after the Bureau of Labor Statistics announced the PPI figures, indicating reduced pressure on producers to increase prices, thereby increasing the likelihood of a Fed rate cut in the coming week. Bitcoin's current price reflects a 2.3% increase compared to last week, although it remains 5.7% lower than its value a month ago. Similarly, Ethereum saw a slight rise, gaining 0.2% to reach $4,382.10.

Concurrently, confidence is growing among users on Myriad, that Bitcoin will maintain a value above $105,000 throughout September. This increased optimism marks a shift from the previous week's more pessimistic outlook, with 72% of users now expressing confidence in Bitcoin's ability to stay above this crucial price level.

Despite the positive news, the BLS also noted that the "core" PPI, which excludes food, energy, and trade, saw a 0.3% month-over-month increase, marking its fastest pace since March. This has driven the year-over-year core rate to 2.8%, highlighting persistent underlying price pressures despite subdued goods inflation. As Unity Wallet's COO, James Toledano, suggests, the upcoming Consumer Price Index (CPI) data, which provides a more direct measure of consumer spending, could introduce volatility into the markets, as lower-than-expected CPI figures typically stimulate optimism and rally crypto, while hotter data tends to trigger pullbacks.