Bitcoin Price Fluctuations Amidst US PPI Easing to 2.4% in April

Bitcoin price saw a modest correction of around 2% following the release of the latest U.S. Producer Price Index (PPI) data, which revealed a significant drop to 2.4%. However, institutional demand and Coinbase’s inclusion in the S&P 500 are believed to have fueled renewed momentum and helped Bitcoin regain ground, reaching around $104,000. This surge coincides with positive market sentiment surrounding a potential new all-time high.