Bitcoin over $65K After PPI Shows Cooling Inflation

Dow Jones07-15 21:52

0952 ET - Bitcoin gains1.3% to $65,382 as Junes PPI confirms what the CPI report showed yesterday, in terms of an easing inflation trend that may make rate hikes later this year unnecessary. "Barring an escalatory spiral in the Middle East, the Federal Reserve should be satisfied that current policy settings are sufficiently restrictive to get inflation gradually back towards the Committee's target," says Stephen Coltman of 21shares in a note following the PPI release. This is boosting bitcoin today, over a near-term resistance level identified by another analyst with 21shares yesterday at $64,800. Ethereum is up 3.2% to $1,935, XRP rises 1.1% to $1.12, and solana is up 1.9% to $78.60. (kirk.maltais@wsj.com)

 

(END) Dow Jones Newswires

July 15, 2026 09:52 ET (13:52 GMT)

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