Bitcoin surged past $65,000, US June PPI came in below expectations
2026-07-15 13:42
According to Odaily, the U.S. Bureau of Labor Statistics reported on July 15 that the June Producer Price Index (PPI) came in at 5.5%, below market expectations and down from 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 an intraday high of $65,494, marking its first breakthrough above $65,000 in recent times. During the same period, BTC has gained over 5% this week, while ETH has risen over 10% in the past seven days.
Brent crude 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, oil prices remained above their recent averages, with gold trading in the range of $4,050 to $4,064.
Bitcoin rose from around $64,989 near 8:30 AM Eastern Time on Wednesday, reaching an intraday high of $65,494, marking its first breakthrough above $65,000 in recent times. During the same period, BTC has gained over 5% this week, while ETH has risen over 10% in the past seven days.
Brent crude 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, oil prices remained above their recent averages, with gold trading in the range of $4,050 to $4,064.
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