Bitcoin fell about 2.5% round Wednesday’s Wall Road open, sliding to week-to-date lows close to $71,305 as a hotter-than-expected US inflation print landed hours earlier than the Federal Reserve’s FOMC resolution.
Value motion hits week lows
BTC traded round $71,400 after revisiting the $72,000 stage, with merchants pointing to macro uncertainty because the dominant driver.
The transfer got here as markets positioned for the Fed’s interest-rate resolution and Chair Jerome Powell’s press convention.
PPI overshoots expectations
February Producer Value Index (PPI) rose 0.7% month-on-month and three.4% year-on-year.
Markets had anticipated 0.3% and three.0%, respectively.
The US Bureau of Labor Statistics stated:
“On an unadjusted foundation, the index for remaining demand rose 3.4 % for the 12 months led to February, the biggest 12- month advance since growing 3.4 % in February 2025.”
Merchants brace for Powell tone
QCP Capital argued that even with out a fee change, messaging might drive volatility.
The agency wrote:
“For crypto, the implication is simple: the charges backdrop is changing into much less supportive, no more.”
Danger-off positioning into FOMC
Dealer Jelle stated on X:
“$BTC hovering beneath weekly resistance; FOMC later as we speak – I feel warning pays right here.”
Analyst Roman described the setup as a bear-flag retest, whereas Michaël van de Poppe remained constructive, saying he nonetheless noticed a path again towards $80,000 however wouldn’t be shocked to revisit vary lows.