Bitcoin has gained 0.5% following a drop in the August Producer Price Index (PPI), raising expectations for potential Federal Reserve interest rate cuts. The cryptocurrency now trades above $114,000, as traders react positively to the inflation data. With key inflation indicators in focus, Bitcoin’s price movements reflect broader economic sentiments within the financial markets. Observing how inflation impacts the Federal Reserve’s decisions on rate adjustments is essential for understanding Bitcoin’s trajectory. This development underscores Bitcoin’s evolving role as an asset that responds to macroeconomic data, appealing to both investors and advocates of digital currencies.