Bitcoin keeps traders guessing near $64K as stocks gain on cool US PPI data
Summary
Bitcoin recovered slightly from weekly lows, rising about 0.5% to around $63,900 after July US Producer Price Index data came in cooler than expected. PPI was flat month over month and up 4.7% year over year, below forecasts, reinforcing the broader disinflation trend. US stocks also rose at the open, while Fed rate-cut/pause expectations improved, with September holding steady at roughly 65.6%. Even so, Fed officials remained cautious about inflation reaching the 2% target. BTC traded in a narrow range, and traders watched key downside levels: about $61,000 as a possible liquidation trigger and $63,000 as important support that has been repeatedly tested.
