Bitcoin Holds Near $64,000 as Cooler US PPI Boosts Stocks
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Crypto Breaking News
BITRSSBitcoin Stays Near $64K as US PPI Softens and Stocks Rise
Bitcoin steadied after a dip toward weekly lows, with the latest catalyst coming from cooling US inflation data. On Thursday, BTC moved modestly higher as July’s Producer Price Index (PPI) showed a small decline in the annual rate and left month-on-month inflation unchanged, easing pressure on rate-hike expectations. Still, traders are watching key downside levels closely. On-chain and liquidation analytics indicate that a move toward $61,000 co…
Bitcoin Holds Near $64,000 as Cooler US PPI Boosts Stocks
Bitcoin remained near the $64,000 level on Thursday as cooler-than-expected US Producer Price Index (PPI) data provided a boost to equities and eased concerns about further interest-rate hikes. Bitcoin (BTC) was trading around $63,900, up approximately 0.5% on the day, after recovering from weekly lows. Market volatility remained relatively limited as traders assessed the latest inflation […] The post Bitcoin Holds Near $64,000 as Cooler US PPI …
Cryptomoeda remained at $63,455.99, while Ethereum was 0.25% tall, at $1,890.77
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