Bitcoin breaks through $65,000, US June PPI lower than expected
2026-07-15 13:42
Odaily reported that on July 15, the U.S. Bureau of Labor Statistics released the June Producer Price Index (PPI) at 5.5%, which was below market expectations and lower than the previous reading. Following the data release, U.S. stock futures, crypto assets, and gold rose, while the U.S. dollar index weakened and U.S. Treasury yields edged lower.
Bitcoin rose from around $64,989 near 8:30 AM Eastern Time on Wednesday, reaching a high of $65,494 during the session, marking its first break above $65,000 in recent times. During the same period, BTC gained over 5% this week, while ETH rose over 10% in the past seven days.
Brent crude oil was trading around $84 at the time, while West Texas Intermediate (WTI) crude stood at approximately $79.54. Amid tensions related to the Strait of Hormuz, crude oil prices remained above their recent averages, and gold traded in the range of $4,050 to $4,064.
Bitcoin rose from around $64,989 near 8:30 AM Eastern Time on Wednesday, reaching a high of $65,494 during the session, marking its first break above $65,000 in recent times. During the same period, BTC gained over 5% this week, while ETH rose over 10% in the past seven days.
Brent crude oil was trading around $84 at the time, while West Texas Intermediate (WTI) crude stood at approximately $79.54. Amid tensions related to the Strait of Hormuz, crude oil prices remained above their recent averages, and gold traded in the range of $4,050 to $4,064.
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