Bitcoin jumps to $113k as US producer prices shock with surprise August drop

US producer prices fell in August, reinforcing a weaker inflation outlook just a day after major revisions showed US employment levels overstated by nearly one million jobs. The Bureau of Labor Statistics reported that the Producer Price Index declined 0.1 percent on the month, below forecasts for a 0.4 percent increase. Core PPI also fell The post Bitcoin jumps to $113k as US producer prices shock with surprise August drop appeared first on CryptoSlate.