Breakout Toward $70k Possible for Bitcoin

Dow Jones07-15 21:59

0959 ET - Bitcoin could see a breakout toward the $70,000 mark after finding a multi-year low around $58,000 just weeks ago. What's changed is the outlook toward inflation, with yesterday's CPI report and today's PPI report from the Department of Labor being friendlier than anticipated. "A break above $66k is now looking more likely, and the case for a final $70k-$75k push by month's end is looking likely, especially if tensions in the Middle East cool," says Matt Mena of 21shares. Mena adds that altcoins like ethereum are showing even stronger reaction to the change in the inflation outlook, while tokens like Hyperliquid also surge. Bitcoin is up 1.2% to $65,279. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

July 15, 2026 09:59 ET (13:59 GMT)

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Mena adds that altcoins like ethereum are showing even stronger reaction to the change in the inflation outlook, while tokens like Hyperliquid also surge. Bitcoin is up 1.2% to $65,279. 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(kirk.maltais@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 15, 2026 09:59 ET (13:59 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CBOO","symbol_name":"Calamos Bitcoin Structured Alt Protection ETF - October","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651846996","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651846996","pubTimestamp":1784123940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0959 ET - Bitcoin could see a breakout toward the $70,000 mark after finding a multi-year low around $58,000 just weeks ago. 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What's changed is the outlook toward inflation, with yesterday's CPI report and today's PPI report from the Department of Labor being friendlier than anticipated. \"A break above $66k is now looking more likely, and the case for a final $70k-$75k push by month's end is looking likely, especially if tensions in the Middle East cool,\" says Matt Mena of 21shares. Mena adds that altcoins like ethereum are showing even stronger reaction to the change in the inflation outlook, while tokens like Hyperliquid also surge. Bitcoin is up 1.2% to $65,279. 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