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Crypto Macro

Bitcoin Holds Above $81,000 as September Producer Prices Jump 1.3%

Bitcoin held above $81,000 after U.S. wholesale prices rose 1.3% in September, the largest jump since 2022, with energy accounting for more than 80% of the increase. The largest cryptocurrency rose less than half a percent over 24 hours through the first two hours of U.S. trading, and none of the five largest tokens moved more than 1% in either direction.

Original source

AI take

The muted reaction is the story: a hot wholesale print would normally pressure risk assets, yet bitcoin barely moved and the top tokens stayed inside a 1% band. That suggests the market is treating the energy-driven spike as a supply shock rather than a broad inflation signal, or simply lacks a catalyst to trade against. The open question is whether crypto's calm persists if subsequent inflation data broadens beyond energy — that, not this print alone, is what would test the current indifference.

Generated by AI for reference only.

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