Recent data from the U.S. Producer Price Index (PPI) has thrown crypto markets into turmoil, leaving traders uncertain about the future direction of digital currencies. The PPI numbers fell short of projections, failing to generate anticipated price gains for Bitcoin and other cryptocurrencies. Simultaneously, consumer confidence declined sharply, signaling a potential economic slowdown. 🎧🎧 This is evident in the market’s volatility as Bitcoin fluctuates around $82,000, while altcoins struggle to regain traction. Inflation predictions have soared to 6.7%, significantly deviating from the expected 5.2%. Adding to this complexity is China’s recent tax retaliation, compounding the instability. 🇨🇳