Bitcoin threatens new breakdown as US PPI sends gold to 1-month high

US PPI inflation data came in higher than expected, causing Bitcoin to decline nearly 3% while gold surged to a 1-month high. The hotter inflation reading boosted precious metals as safe-haven assets while punishing risk assets like Bitcoin.

• →US Producer Price Index (PPI) inflation data exceeded expectations, impacting financial markets.
• →Bitcoin price declined approximately 3% following the inflation data release.
• →Gold reached a 1-month high as investors sought safe-haven assets.
• →Precious metals benefited from the hotter inflation reading while cryptocurrencies faced selling pressure.
• →The divergence highlights Bitcoin's continued correlation with risk assets rather than inflation hedges.