Bitcoin bulls escape a fresh inlation-induced burn as U.S. PPI figures drop faster than expected and BTC price action challenges $71,000.
Bitcoin (BTC) refused to give up $70,000 support into the April 11 Wall Street open as fresh United States macro data boosted the mood.
Data from Cointelegraph Markets Pro and TradingView showed seesawing BTC price action, with bulls holding gains from the day prior.
The March print of the Producer Price Index (PPI) delivered a boost to risk-asset sentiment, coming in below expectations at 0.2% month-on-month.
