Bitcoin price briefly rose to around $63,150 before falling back to about $62,800 following the release of the US May Producer Price Index (PPI), which showed inflation at 6.5%, the highest since November 2022 and above expectations. This hotter-than-expected inflation data increased concerns about prolonged Federal Reserve rate hikes, which typically reduce liquidity and pressure risk assets like Bitcoin. Despite the dip, Bitcoin's reaction was moderate, suggesting some inflation risk was already priced in. Traders are now watching key support at $61,000 and resistance near $63,000 to gauge Bitcoin's next move amid ongoing inflation and Fed policy uncertainty.
Bitcoin price recovered above $63,000 after Donald Trump announced the cancellation of planned U.S. strikes on Iran and progress toward a peace agreement. This news reversed losses caused by hotter-than-expected U.S. producer inflation data, which ha...
Bitcoin held above $63,000 following cooler-than-expected inflation data, easing fears of aggressive Federal Reserve tightening and boosting crypto market sentiment. Ethereum, XRP, and Dogecoin also rose over 2.5%. Analyst Ali Martinez highlighted Bi...
Bitcoin ETFs have experienced significant outflows totaling about $1.7 billion in the past week and over $5.4 billion in the last month, signaling institutional de-risking amid inflation, interest rate worries, and geopolitical tensions. Despite Bitc...
On June 11, 2026, President Trump escalated tensions by threatening to take control of Iran's Kharg Island, a key oil export hub, raising geopolitical risks. Simultaneously, the U.S. reported a 6.5% annual rise in the Producer Price Index, signaling ...
Bitcoin's price plunged from $82,000 to around $62,000 in two weeks, causing Strategy to report a $14 billion operating loss in Q1 2026. Critics warn that Strategy's debt-fueled Bitcoin buying strategy, led by Michael Saylor, may fail, with concerns ...
