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Bitcoin and Ethereum fell after the release of PPI data in the United States.
Foresight News reports that Bitcoin and Ethereum declined after the release of the US PPI data, with Bitcoin dipping to 117717 dollars and Ethereum touching 4616 dollars. The US July PPI year-on-year rate was 3.3%, significantly exceeding the market expectation of 2.5%, marking the highest level since February. The US July PPI month-on-month rate recorded a 0.9% increase, the largest since June 2022.