Major cryptocurrencies on Thursday experienced mixed trading, with data from macro and on-chain whale movement casting uncertainty over the outlook for the leading cryptocurrency and the broader market. What Happened: Data released by the Labor Department’s Bureau of Labor Statistics on Thursday revealed a 0.6% increase in the producer price index last month. This crucial inflation indicator revealed that prices surged beyond expectations in February. Traders have interpreted this data as a potential indication that the Federal Reserve might refrain from cutting interest rates in May. As a res…
