Diesel prices plunge 8%, yet Bitcoin traders face a squeeze

US wholesale inflation slowed in October, but rising freight prices and firm underlying pressure complicate the case that cheaper fuel will make financing easier for Bitcoin (BTC) holders while BTC remains below $70,000. The Bureau of Labor Statistics’ October producer-price report , released Nov. 13, showed diesel prices falling 7.9% as truck freight prices rose 3.9%. Headline wholesale inflation slowed sharply, but the measure excluding food, energy, and trade services kept rising at September’s monthly pace. Final-demand PPI rose 0.3% in October, seasonally adjusted, after September’s revised 1.4% increase. The measure excluding food, energy and trade services rose 0.5% for a second month. Its annual increase eased to 4.9% from 5%, while headline annual PPI accelerated to 6.5% from 6.3%.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CryptoSlate.