The US Producer Price Index (PPI) for January rose by 0.5% month-on-month, surpassing the expected 0.3%, while the core PPI increased by 0.8%, also above the anticipated 0.3%. This stronger-than-expected data has put pressure on Bitcoin, causing its price to fall nearly 3% intraday, currently trading around $66,178. Market expectations for a Federal Reserve rate cut in March have diminished to below 4%. In contrast, safe-haven assets have shown strength, with gold reaching a new high of $5,200 per ounce and silver climbing to $92, its highest since January 30th. Bitcoin has experienced a nearly 17% decline this month, marking its fifth consecutive monthly drop, a streak not seen since 2018. Traders caution that Bitcoin could revisit last month's low of $59,000 if current trends persist.