Bitcoin drops $1,200 to below $77,000 as US PPI tops forecast, $190 million in longs liquidated

🚨 Bitcoin plunged $1,200 to under $77,000 after US producer inflation surpassed forecasts.
💥 Over $190 million in long $BTC trades were liquidated within 60 minutes during the drop.
📊 Higher PPI triggered concerns that tighter US monetary policy will persist.
⏳ Another inflation report is expected before the Fed decides on its next policy move.

Continue Reading:Bitcoin drops $1,200 to below $77,000 as US PPI tops forecast, $190 million in longs liquidated

The post Bitcoin drops $1,200 to below $77,000 as US PPI tops forecast, $190 million in longs liquidated appeared first on COINTURK NEWS.