Diesel prices plunge 8%, yet Bitcoin traders face a squeeze
October US producer-price inflation showed mixed signals: headline monthly PPI rose 0.3% after a revised 1.4% September increase, while the measure excluding food, energy and trade services rose 0.5% for a second month. Diesel prices fell 7.9%, but truck freight prices climbed 3.9% and drove most of the rise in services prices. The figures complicate expectations that cheaper fuel will ease financing conditions for Bitcoin holders, particularly as core CPI also rose 0.3% for a third consecutive month. A Fed rate increase remained under consideration, and US spot Bitcoin ETFs recorded $284.1 million in net outflows on Nov. 12, before the PPI release. Broader inflation cooling, easier policy and sustained ETF inflows would offer stronger evidence of improving conditions for Bitcoin.
