Data Analysis
The release
Released by the Bureau of Labor Statistics on 13 February 2025 at 8:30 AM EST. The Producer Price Index came in at 0.7% for January 2025, against 0.5% in December 2024. Producer prices are rising faster than before.
It arrived at the same moment as Core Producer Price Index, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.
How Bitcoin moved
Bitcoin was at $95,833.52 when the figure came out. Fifteen minutes later it was 0.19% higher, and an hour later 0.11% higher. Its high-to-low range in the hour after was 0.57% of its price, against 0.45% in the hour before.
Measured by Clometrix
Bitcoin's volatility ratio was 2.30x, against 2.08x for a typical PPI release since 2021. Its volume ratio was 4.31x, against a typical 2.30x. That is about what this release usually does. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.
What made it matter
Since 2021, PPI releases in the two weeks before a Fed decision have moved Bitcoin about as much as those at other times: a median volatility ratio of 2.18x across 29, against 2.05x across 41. This one was not within two weeks of a Fed decision. Its own ratio of 2.30x compares with 2.05x for those, about what its circumstances would suggest.
Its record
Across 70 PPI releases since 2021, Bitcoin's median volatility ratio is 2.08x.
What it means
Bitcoin registered an ordinary reaction to the January producer price index of 0.7 percent, rising 0.19 percent in the first fifteen minutes from its opening level of $95,833.52. The high-to-low range expanded only modestly to 0.57 percent in the hour after the release. The print arrived alongside core PPI and both initial and continued claims, so the measured move reflects the joint release.
Clometrix recorded a volatility ratio of 2.30x against the 2.08x median across 70 PPI releases since 2021. Volume rose to 4.31x, above the typical 2.30x multiple. The outcome sits close to the event's historical central tendency and aligns with the 2.05x median observed for releases outside the two-week window before a Federal Reserve decision. This release fell 33 days before the March policy meeting and therefore timing showed little additional effect on Bitcoin volatility.
About Producer Price Index
The Producer Price Index (PPI) measures the average change over time in the prices domestic producers receive for their output. It is a measure of inflation at the wholesale level that is compiled from thousands of indexes measuring producer prices by industry and product category. The index is published monthly by the U.S. Bureau of Labor Statistics (BLS).
Disclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.
BTC-USDT
Bitcoin
Open
97,886.80Close
96,675.8124h Change
-1210.99 (-1.25%)24h High
98,083.9124h Low
95,217.3624h Volume
19,616 BTCUS Producer Price Index
Bureau of Labor Statistics
13th February, 2025, 8:30AM Timezone: America/New York
Chart Data from Binance
Observations
| Time | Open | High | Low | Close | Change | Amplitude | Volume |
|---|---|---|---|---|---|---|---|
| 1 Minute | |||||||
| Before | 95954.99 | 95955.00 | 95793.56 | 95833.53 | -0.13% | 0.17% | 56 BTC |
| During | 95833.52 | 96301.59 | 95833.52 | 95862.00 | 0.03% | 0.49% | 273 BTC |
| 5 Minutes | |||||||
| Before | 95994.86 | 95996.54 | 95793.56 | 95833.53 | -0.17% | 0.21% | 91 BTC |
| During | 95833.52 | 96301.59 | 95759.05 | 96163.88 | 0.34% | 0.56% | 485 BTC |
| 10 Minutes | |||||||
| Before | 95980.02 | 96000.00 | 95793.56 | 95833.53 | -0.15% | 0.22% | 137 BTC |
| During | 95833.52 | 96301.59 | 95759.05 | 96100.26 | 0.28% | 0.56% | 635 BTC |
| 15 Minutes | |||||||
| Before | 95797.83 | 96000.00 | 95636.79 | 95833.53 | 0.04% | 0.38% | 235 BTC |
| During | 95833.52 | 96301.59 | 95759.05 | 96012.28 | 0.19% | 0.56% | 706 BTC |
| 30 Minutes | |||||||
| Before | 95820.29 | 96000.00 | 95636.79 | 95833.53 | 0.01% | 0.38% | 391 BTC |
| During | 95833.52 | 96301.59 | 95759.05 | 96074.66 | 0.25% | 0.56% | 928 BTC |
| 1 Hour | |||||||
| Before | 95875.79 | 96069.81 | 95636.79 | 95833.53 | -0.04% | 0.45% | 702 BTC |
| During | 95833.52 | 96301.59 | 95752.47 | 95941.90 | 0.11% | 0.57% | 1,485 BTC |
| 2 Hours | |||||||
| Before | 96105.14 | 96107.21 | 95599.57 | 95833.53 | -0.28% | 0.53% | 1,884 BTC |
| During | 95833.52 | 96480.06 | 95336.00 | 95973.98 | 0.15% | 1.19% | 3,603 BTC |
| 4 Hours | |||||||
| Before | 96142.01 | 96336.00 | 95599.57 | 95833.53 | -0.32% | 0.76% | 2,682 BTC |
| During | 95833.52 | 96480.06 | 95217.36 | 95809.25 | -0.03% | 1.31% | 5,966 BTC |
| 6 Hours | |||||||
| Before | 96056.00 | 96336.00 | 95599.57 | 95833.53 | -0.23% | 0.76% | 4,729 BTC |
| During | 95833.52 | 96480.06 | 95217.36 | 95868.43 | 0.04% | 1.31% | 7,580 BTC |
| 8 Hours | |||||||
| Before | 97886.80 | 98083.91 | 95649.85 | 96142.01 | -1.81% | 2.48% | 6,249 BTC |
| During | 96142.01 | 96480.06 | 95217.36 | 95809.25 | -0.35% | 1.31% | 8,648 BTC |
| 12 Hours | |||||||
| Before | 97886.80 | 98083.91 | 95599.57 | 95833.53 | -2.14% | 2.53% | 8,931 BTC |
| During | 95833.52 | 96965.51 | 95217.36 | 96675.81 | 0.87% | 1.80% | 10,686 BTC |
