BTC breaks through $65,000, US June PPI below expectations
2026-07-15 13:42
Odaily Odaily reports that the U.S. Bureau of Labor Statistics released the June Producer Price Index (PPI) at 5.5% on July 15, which was below market expectations and fell from the previous reading. Following the data release, U.S. stock futures, crypto assets, and gold rose, the U.S. dollar index weakened, and U.S. Treasury yields edged lower.
Bitcoin rose from around $64,989 near 8:30 a.m. Eastern Time on Wednesday, reaching an intraday high of $65,494, marking its first breakout above $65,000 in recent times. During the same period, BTC's weekly gain exceeded 5%, while ETH's gain over the past 7 days surpassed 10%.
Brent crude oil was trading around $84 at the time, while West Texas Intermediate (WTI) crude was at approximately $79.54. Impacted by tensions related to the Strait of Hormuz, 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 a.m. Eastern Time on Wednesday, reaching an intraday high of $65,494, marking its first breakout above $65,000 in recent times. During the same period, BTC's weekly gain exceeded 5%, while ETH's gain over the past 7 days surpassed 10%.
Brent crude oil was trading around $84 at the time, while West Texas Intermediate (WTI) crude was at approximately $79.54. Impacted by tensions related to the Strait of Hormuz, oil prices remained above their recent averages, and gold traded in the range of $4,050 to $4,064.
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