[Analysis: U.S. PPI exceeds expectations ahead of FOMC, Bitcoin retreats to the $72,000 range] Odaily Planet Daily reports that Bitcoin has fallen to around $72,000 due to the impact of U.S. inflation data exceeding expectations. Data shows that U.S. February PPI rose 0.7% month-on-month and 3.4% year-on-year, both higher than market expectations, continuing the recent upward trend in inflation. The data release comes just hours before the Federal Reserve's interest rate decision announcement. Although the market generally expects no rate adjustments this time, market volatility will still depend on Chairman Jerome Powell's statements and policy guidance. Singapore trading firm QCP Capital pointed out that macro factors remain the dominant variables in the current market. With rising oil prices weakening rate-cut expectations, the interest rate environment's support for the crypto market is diminishing. Currently, traders are generally adopting a cautious stance. Analyst Jelle stated that Bitcoin is still constrained below key resistance levels, and "remaining cautious is more prudent" ahead of the FOMC meeting, warning of the risk of breaking below support. Some opinions even suggest that the market is still in a bear phase. (Cointelegraph)