Bitcoin rejects at $25K as US PPI data meets Credit Suisse meltdown

Bitcoin rejects at $25K as US PPI data meets Credit Suisse meltdown

BTC price attempts to break towards the week’s highs, but a charging U.S. dollar creates some serious friction for Bitcoin bulls.

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Bitcoin (BTC) kept bears sweating near $25,000 on March 15 as encouraging macroeconomic data combined with concerns over banking crisis contagion.

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BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPPI offers “great signs” on Fed pivot

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering from a 24-hour comedown to see highs of $25,273 on Bitstamp.

The pair reacted positively to the latest United States producer price index (PPI) data, which came in far lower than expected.

Prior to the release, the Binance order book showed principal bid and ask liquidity parked at

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