{"id":42192,"date":"2025-08-14T13:48:53","date_gmt":"2025-08-14T13:48:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42192"},"modified":"2025-08-14T13:48:53","modified_gmt":"2025-08-14T13:48:53","slug":"crypto-prices-quickly-slide-after-troubling-u-s-ppi-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42192","title":{"rendered":"Crypto Prices Quickly Slide After Troubling U.S. PPI Report"},"content":{"rendered":"<div>\n<p>Inflation concerns were re-ignited during U.S. morning hours Thursday, sending risk assets \u2014 crypto among them \u2014 sharply lower.<\/p>\n<p>The July Producer Price Index (PPI) rose 0.9%, blowing past estimates for 0.2% and 0.0% in June. On a year-over-year basis, PPI was higher by 3.3% versus forecasts for 2.5% and June&#8217;s 2.4%.<\/p>\n<p>Core PPI, which excludes food and energy, also surged 0.9% in July, far exceeding the 0.2% expected and 0.0% in June. Core CPI year-over-year rose 3.7% against 2.9% expected and 2.6% in June.<\/p>\n<p>Already well off a record high hit overnight above $124,000, bitcoin (BTC) tumbled below $119,000 on the news. Ether (ETH) plunged nearly 4% to $4,550. Other recently red-hot altcoins like solana (SOL) and XRP (XRP) were similarly struck.<\/p>\n<p>Fresh labor market data provided no relief, with initial jobless claims for the week ending August 9 at 224,000, slightly below the 228,000 expected, and continuing claims holding at 1.95 million. The still-tight labor market, combined with the strong PPI readings, reinforced the view that the Fed may keep interest rates elevated for longer to tame inflation.<\/p>\n<p><a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">According to CME FedWatch<\/a>, the previous 100% chance for a September rate cut slipped to 96% in wake of the fresh data.<\/p>\n<p>In traditional markets, U.S. stock index futures have slipped 0.5%, the dollar is gaining ground and the 10-year U.S. Treasury yield moved higher by five basis points to 4.25%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Inflation concerns were re-ignited during U.S. morning hours Thursday, sending risk assets \u2014 crypto among them \u2014 sharply lower. The July Producer Price Index (PPI) rose 0.9%, blowing past estimates for 0.2% and 0.0% in June. On a year-over-year basis, PPI was higher by 3.3% versus forecasts for 2.5% and June&#8217;s 2.4%. Core PPI, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42192","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42192"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42192\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}