Bitcoin experienced a drop on Friday. In the previous season, it had reached a record level of over 124,000 dollars. The unexpectedly high U.S. producer inflation weakened hopes that the Federal Reserve would take aggressive interest rate rebates next month.



The world's largest cryptocurrency was trading at $119,112.5, down 2.2% as of 09:04 Turkish time.

In the previous session, it reached a record level of 124,436.8 dollars. However, it experienced a sharp get dumped after the announcement of the PPI data.

The world's second largest cryptocurrency, Ether, also pulled back after nearing record levels.
BTC-0.91%
IN-12.41%
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Tututfatonivip
· 22h ago
hard to rise
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