Bitcoin sells off on higher US Producer Price Index, blowing out to 0.6% from 0.3% in January 2024. Yields and USD spike, sending the NASDAQ and BTC down from record highs.

Embedded inflation is starting to have a knock on effect to the Yield/USD sensitive Crypto market and NASDAQ (separate pane).  

Bitcoin supports are at 64000 and 60000.  Topped out trading range/s are at 71600 and 73000.

Please refer to the above chart.

Also refer to US Producer Price Index for Feb 2024: bls.gov/news.release/ppi.nr0.htm