Bitcoin breaks through $65,000, US June PPI below expectations
2026-07-15 13:42
Odaily Planet Daily News According to data released by the U.S. Bureau of Labor Statistics on July 15, 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, 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 breakout above $65,000 in recent times. During the same period, BTC gained over 5% this week, while ETH rose more than 10% in the past seven days.
Brent crude oil was trading around $84 at the time, while West Texas Intermediate (WTI) crude was around $79.54. Affected by tensions related to the Strait of Hormuz, crude 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 breakout above $65,000 in recent times. During the same period, BTC gained over 5% this week, while ETH rose more than 10% in the past seven days.
Brent crude oil was trading around $84 at the time, while West Texas Intermediate (WTI) crude was around $79.54. Affected by tensions related to the Strait of Hormuz, crude oil prices remained above their recent averages, with gold trading in the range of $4,050 to $4,064.
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