Bitcoin climbs above $65K as weak PPI rattles Fed hawks

cryptonews01:54

Bitcoin has climbed above $65,000 after softer-than-expected U.S. producer inflation reduced expectations of a Federal Reserve rate hike later this month. Summary Bitcoin climbed above $65,000 ...

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The latest move extends the rally that began after June’s Consumer Price Index  report also surprised to the downside.Softer inflation cuts expectations for a July Fed rate hike. Markets have also lowered the probability of an additional rate hike before the end of 2026. CME FedWatch data","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"JPST":"JPMorgan Ultra-Short Income ETF","HYG":"债券指数ETF-iShares iBoxx高收益公司债","SCHO":"嘉信短期美国国债ETF","TBT":"债券20+美国债指数ETF-ProShares两倍做空","TMF":"3倍做多20年期以上国债ETF-Direxion","SKRE":"TUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF","GOVT":"iShares安硕核心美国国债ETF","SHV":"美国短期国债ETF-iShares","VCSH":"美国短期公司债-Vanguard","FAZ":"三倍做空金融ETF-Direxion","GOLY":"Strategy Shares Gold Enhanced Yield ETF","UDN":"做空美元指数-PowerShares","SHY":"债券指数ETF-iShares Barclays 1-3年国债","VGSH":"美国短期国债ETF-Vanguard","VCIT":"美国中期公司债-Vanguard","BIL":"债券指数ETF-SPDR Barclays美国1-3月国债","PPI":"AXS Astoria Real Assets ETF","PBDC":"Putnam Bdc Income ETF","09042":"华夏比特币-U","DBND":"DoubleLine Opportunistic Bond ETF","TLTW":"iShares 20+ Year Treasury Bond Buywrite Strategy ETF","VGIT":"中期国债ETF-Vanguard","NGHT":"Nicholas Bitcoin and Treasuries AfterDark ETF","BOXX":"ALPHA ARCHITECT 1-3 MONTH BOX ETF","GBIL":"Goldman Sachs Access Treasury 0-1 Year ETF","AGG":"债券指数ETF-iShares Barclays综合国债","ZROZ":"PIMCO 25+ Year Zero Coupon U.S","TBIL":"US Treasury 3 Month Bill ETF","VGLT":"美国长期国债ETF-Vanguard","IBIT":"比特币ETF-iShares","TLH":"iShares安硕10-20年国债ETF","IEI":"iShares Barclays 3-7 Year Trea","09439":"嘉实比特币-U","UBT":"债券20+美国债-ProShares两倍做多","KBE":"银行指数ETF-SPDR KBW","BOND":"Pimco Total Return ETF","MUB":"美国市政债ETF-iShares","09008":"博时比特币-U","UUP":"美元ETF-PowerShares DB","TIP":"通胀债券指数ETF-iShares Barclays","MINT":"PIMCO Enhanced Short Maturity Exchange-Traded Fund","LQD":"债券指数ETF-iShares iBoxx投资级公司债"},"translate_title":"疲软的 PPI 令美联储鹰派感到不安，比特币股价攀升至 6.5 万美元以上","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09439":1.5,"US2Y.BOND":1.5,"US30Y.BOND":1.5,"FAZ":1.5,"US6M.BOND":1.5,"NGHT":1.5,"UBT":1.5,"JPST":1.5,"VCIT":1.5,"DBND":1.5,"IEI":1.5,"SHY":1.5,"09042":1.5,"BOXX":1.5,"GOVT":1.5,"TBIL":1.5,"SCHO":1.5,"VGSH":1.5,"US12M.BOND":1.5,"IBIT":1.5,"BIL":1.5,"TLTW":1.5,"09008":1.5,"HYG":1.5,"US3Y.BOND":1.5,"VGLT":1.5,"PPI":1.5,"KBE":1.5,"GBIL":1.5,"SHV":1.5,"TIP":1.5,"US7Y.BOND":1.5,"US10Y.BOND":1.5,"VCSH":1.5,"AGG":1.5,"GOLY":1.5,"SKRE":1.5,"TLH":1.5,"TBT":1.5,"US5Y.BOND":1.5,"PBDC":1.5,"UUP":1.5,"BOND":1.5,"TMF":1.5,"LQD":1.5,"MINT":1.5,"VGIT":1.5,"UDN":1.5,"MUB":1.5,"ZROZ":1.5},"content_text":"Bitcoin has climbed above $65,000 after softer-than-expected U.S. producer inflation reduced expectations of a Federal Reserve rate hike later this month.\n\n\nSummary\n\n\n\nBitcoin climbed above $65,000 after weaker-than-expected U.S. PPI data boosted risk appetite.\nCooling inflation reduced expectations of a July Fed rate hike in both traditional and crypto markets.\nEthereum topped $1,900 as the total crypto market capitalization rose above $2.3 trillion.\n\n\n\nAccording to data from the U.S. Bureau of Labor Statistics, June’s Producer Price Index (PPI) added fresh momentum to risk assets after inflation came in below economists’ forecasts.\nThe total crypto market gained more than 2% to climb above $2.3 trillion, while Bitcoin reclaimed the $65,000 level and Ethereum moved above $1,900 for the first time since early June. The latest move extends the rally that began after June’s Consumer Price Index (CPI) report also surprised to the downside.\nSofter inflation cuts expectations for a July Fed rate hike\nThe Bureau of Labor Statistics reported that headline PPI fell 5.5% year over year in June, below the 6.2% consensus estimate. On a monthly basis, producer prices declined 0.3%, the sharpest monthly drop since April 2025. Core PPI, which excludes food and energy, rose 4.7% from a year earlier, also below the expected 5.1%, while the monthly increase slowed to 0.2%, missing expectations of 0.3%.\nComing one day after a softer CPI report, the latest inflation figures strengthened investor confidence that price pressures continue to ease. The June CPI release had already lifted Bitcoin and the wider crypto market after recording the largest monthly decline in consumer prices since April 2020.\nAnalysts have linked part of last month’s cooling inflation to lower energy costs following the now-ended ceasefire agreement between the United States and Iran.\nThe combination of weaker CPI and PPI readings has encouraged traders to reassess the Federal Reserve’s next policy move, with markets increasingly expecting policymakers to keep interest rates unchanged at their July meeting.\nRate markets and prediction platforms scale back tightening bets\nExpectations for another Federal Reserve rate increase dropped further after the PPI report. According to the CME FedWatch Tool, traders now assign only a 10.2% probability of a rate hike at the July 29 Federal Open Market Committee meeting, down from roughly 16% following the CPI release and well below levels above 30% seen last week.\nSource: FedWatch\nCrypto-based prediction markets have become even more confident that policymakers will stay on hold. Data from Polymarket places the probability of a July rate hike at just 4%, showing a wider gap between crypto traders and traditional interest-rate markets.\nSource: Polymarket\nMarkets have also lowered the probability of an additional rate hike before the end of 2026. CME FedWatch data shows those odds have eased to about 51%, compared with around 55% a day earlier and roughly 71% at last week’s peak.\nEven with inflation data moving in a favorable direction, Federal Reserve Chair Kevin Warsh has urged caution. During testimony before the House on Tuesday, Warsh warned that one encouraging inflation report does not mean the central bank has completed its work.\nAccording to his remarks, the Federal Reserve remains committed to returning inflation to its long-term 2% target before declaring victory over price pressures.\nFor crypto investors, however, the latest inflation releases have shifted attention back toward monetary policy. With both CPI and PPI surprising to the downside in consecutive sessions, digital assets have benefited from renewed expectations that borrowing costs may remain unchanged in the near future, supporting demand for risk-sensitive assets including Bitcoin and Ethereum.\n\n\n  \n\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        \n\n\n\n\n\n\n                Read more:\n            \n\n                BlackRock joins DTCC’s $114T tokenization push for stocks and Treasurys","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2651498881","isCrawlerRequest":true}