Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’ By Cointelegraph

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Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’

(BTC) spiked to $17,000 at the Nov. 15 Wall Street open as fresh United States economic data continued to show inflation cooling.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came closer to multi-day highs.

U.S. Producer Price Index (PPI) chart. Source: Bureau of Labor Statistics
(DXY) 1-day candle chart. Source: TradingView
BTC/USD annotated chart. Source: Matthew Hyland/Twitter